⚠️US consumer demand for credit card debt is falling

Are Americans tapped out?

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Global Markets Investor
October 09, 2025

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🔥🔥 GLOBAL MARKETS INVESTOR PORTFOLIO — UP 53% 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:

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US consumer revolving credit, which covers credit cards, dropped by -$6 billion in August — one of the largest monthly drops since the 2020 Crisis.

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Non-revolving credit, covering auto and student loans, jumped by +$6.3 billion.

As a result, the total consumer credit increased only +$363 million, the slowest pace in 6 months and significantly below expectations of a +$14 billion jump.

This comes as Americans face record-high interest rates and deteriorating job market. According to Fed data, the average interest rate on credit cards rose to 22.8% — the highest in 2025 and near a record high.

More data regarding the issue in the following articles.

⚠️US job market continues to deteriorate

The jobs report for September has not been released yet due to the government shutdown, but other data show a bleak picture of the labor market.

globalmarketsinvestor.beehiiv.com/p/us-job-market-continues-to-deteriorate

🚨US consumer financial stress reached critical level

US consumer, the major driver of the economy is pulling back on spending, as if there is a recession

globalmarketsinvestor.beehiiv.com/p/us-consumer-financial-stress-reached-critical-level

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