Comment Comment by mikeyouse Yes, yes, the sky is falling. The full picture gives hint to how banal this data is:Consumer revolving credit: https://fred.stlouisfed.org/series/CCLACBW027SBOGConsumer delinquencies: https://fred.stlouisfed.org/series/DRCCLACBSBoth are ~on trend for post-GFC US, total debt isn't inflation adjusted either so of course the number is getting bigger as unemployment is low and inflation has been high. A more useful metric is probably household debt service ratios like:https://fred.stlouisfed.org/series/TDSP parent mikeyouse 3 years ago
Consumer revolving credit: https://fred.stlouisfed.org/series/CCLACBW027SBOG
Consumer delinquencies: https://fred.stlouisfed.org/series/DRCCLACBS
Both are ~on trend for post-GFC US, total debt isn't inflation adjusted either so of course the number is getting bigger as unemployment is low and inflation has been high. A more useful metric is probably household debt service ratios like:
https://fred.stlouisfed.org/series/TDSP