Published May 7, 2026, 3:08 PM ET · Updated 6 months ago · 1 source
US Consumer Borrowing Increased in March by Most Since 2022
bloomberg
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Original Report
US consumer borrowing surged in March by the largest amount since late 2022, with total credit outstanding increasing by $24.9 billion. This rise was driven by significant gains in non-revolving credit, such as auto and student loans, and a substantial increase in credit-card balances. The surge occurred as higher fuel costs and falling savings rates strain household finances, exacerbated by high credit-card interest rates.