ABA-Consumer Credit Increases 4.7% in July.

ENPNewswire-September 9, 2021--ABA-Consumer Credit Increases 4.7% in July

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Release date- 08092021 - In July, consumer credit increased at a seasonally adjusted annual rate of 4.7%.

Revolving credit increased at an annual rate of 6.7%, while nonrevolving credit increased at an annual rate of 4.1%.

Federal government holdings of student loans continue to be the largest portion of non-revolving credit, comprising 42.5% of outstanding credit. Depository institutions and finance...

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