Well, well, well.
Americans quietly stopped reaching for their credit cards in May. The Federal Reserve’s G.19 Consumer Credit report, released July 8, 2026, showed total consumer credit posting a flow of negative $2.2 billion on an annual basis, the first flat or declining reading since 2024....
IOW, the Biden Doom-Inflation-Regime ended, the Trump Pay-Increase-Regime took hold, and things are stabilizing.
Affordability in everything except ObamaCare. Surprised?
1 comment:
Impotent caveat.
The number to watch next is whether June’s revolving credit data continues the contraction or whether May proves to be an outlier. A single month of declining credit card balances is ONLY ONE data point.
Post a Comment