⚠️US consumer credit has hit an all-time high

Americans are taking on more debt to fight weakening wage growth, rising prices, and a deteriorating labor market.

Author

Global Markets Investor
December 12, 2025

In partnership with

🔥🔥 GLOBAL MARKETS INVESTOR PORTFOLIO — UP 64% SINCE JANUARY 2024 DURING THE MARCH-APRIL 2025 MARKET TURMOIL, MAJOR US INDEXES FELL NEARLY 20%, WHILE THE GMI PORTFOLIO GAINED OVER 5%, FIND OUT HOW BELOW:

Global Markets Investor

Sharing thoughts about the world's financial markets. If it helps you navigate this ever-changing market developments you may consider becoming a premium subscriber.

globalmarketsinvestor.beehiiv.com/c/investment-portfolio

Total consumer credit hit a record $5.08 trillion in October. This is nearly a $1 trillion increase since 2020.

Hands Down Some Of The Best 0% Intro APR Credit Cards

Balance Transfer cards can help you pay off high-interest debt faster. The FinanceBuzz editors reviewed dozens of cards with 0% intro APR offers for balance transfers and found the perfect cards.

Take a look at this article to find out how you can pay no interest on balance transfers until 2027 with these top cards.

Revolving credit, which includes credit cards, rose to $1.32 trillion, the highest since November 2024.

At the same time, non-revolving credit (auto and student loans) hit a record $3.77 trillion.

Meanwhile, the average interest rate on credit cards stands at 21.4%, near its all-time record, despite the Fed reducing rates since September 2024.

Americans have never been this indebted. More analysis on the US consumer and the job market is available in the following articles.

⚠️Wall Street is winning over Main Street like never before

The average American is struggling while the stock market keeps rising

globalmarketsinvestor.beehiiv.com/p/wall-street-is-winning-over-main-street-like-never-before

⚠️The US labor market is experiencing a hidden recession

What alternative data and forward-looking indicators say about US employment

globalmarketsinvestor.beehiiv.com/p/the-us-labor-market-is-experiencing-a-hidden-recession

Fed policymakers are increasingly divided

The central bank cut rates by 25 basis points for the 3rd time this year.

globalmarketsinvestor.beehiiv.com/p/fed-policymakers-are-increasingly-divided

INVESTMENT PORTFOLIO UPDATE (December 4, 2025)

Please find out an update about my market positioning - only for Founding Members

globalmarketsinvestor.beehiiv.com/p/investment-portfolio-update-december-4-2025

If you find it informative and helpful, consider a paid subscription or become a Founding Member, and follow me on Twitter or Nostr: