[UrUROFlS]

Credit-card debt up for first time since August 2008. Follow the trend of spending, sales reports , the stock market and you can almost feel the cycle starting again. Except this time it's an over-lap. Keep an eye on the indicators so you're not caught off guard by the next recession and inevitable high inflation.

[Doctor-CTAC]

No, credit card debt is going down. It has yet to record a positive month since the recession.


TOTAL consumer debt is what's rising. Mainly in the firm of installment agreements like student loans and auto loans.



WASHINGTON (MarketWatch) -- U.S. consumers increased their debt by a seasonally adjusted 3.8% annual rate in February, the fifth straight monthly increase and the largest since June 2008, the Federal Reserve reported Thursday. Total consumer debt increased $7.62 billion to $2.42 trillion in February. The gain was larger than Wall Street had expected. Consumer credit for January was revised down to a $4.4 billion increase compared with the initial estimate of a $5 billion rise. The increase in debt in February came despite a drop in credit card debt, which fell $2.7 billion or at a 4.1% annual rate. Non-revolving credit, such as auto loans, personal loans and student loans, rose $10.3 billion, or at a 7.7% rate, after an $8.3 billion rise in the prior month.

[lalffibra]

No, credit card debt is going down. It has yet to record a positive month since the recession.


TOTAL consumer debt is what's rising. Mainly in the firm of installment agreements like student loans and auto loans.



WASHINGTON (MarketWatch) -- U.S. consumers increased their debt by a seasonally adjusted 3.8% annual rate in February, the fifth straight monthly increase and the largest since June 2008, the Federal Reserve reported Thursday. Total consumer debt increased $7.62 billion to $2.42 trillion in February. The gain was larger than Wall Street had expected. Consumer credit for January was revised down to a $4.4 billion increase compared with the initial estimate of a $5 billion rise. The increase in debt in February came despite a drop in credit card debt, which fell $2.7 billion or at a 4.1% annual rate. Non-revolving credit, such as auto loans, personal loans and student loans, rose $10.3 billion, or at a 7.7% rate, after an $8.3 billion rise in the prior month.

Credit-card debt up for first time since Aug. 2008 Economic Report - MarketWatch