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A Note On Revolving Credit Estimates

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  • Michael M. Chernousov
  • Jessica N. Flagg
  • Simona Hannon
  • Alice Henriques Volz
  • Virginia Lewis
  • Suzanna Stephens

Abstract

Revolving credit represents a notable share of consumer debt and is an important part of house- hold balance sheets. At the end of 2023, revolving credit was measured at over $1.3 trillion in the Z.1 Statistical Release, "Financial Accounts of the United States," and accounted for more than 25 per- cent of total consumer credit.

Suggested Citation

  • Michael M. Chernousov & Jessica N. Flagg & Simona Hannon & Alice Henriques Volz & Virginia Lewis & Suzanna Stephens, 2024. "A Note On Revolving Credit Estimates," FEDS Notes 2024-06-14-1, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgfn:2024-06-14-1
    DOI: 10.17016/2380-7172.3526
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    File URL: https://www.federalreserve.gov/econres/notes/feds-notes/a-note-on-revolving-credit-estimates-20240614.html
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