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A comment on Credit card debt tops $1 trillion, trapping even six-figure earners. Parent comment

Re:Credit card debt tops $1 trillion, trapping even six-figu... by nabla9 on Wednesday August 09, 2023 @01:19PM (#37065821)
Great point.

Here are two even better charts relevant to the subject:

[Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks]/GDP https://fred.stlouisfed.org/graph/?g=17Hsu

[Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks]/ ([Total Households] * [Real Median Household Income in the United States]) https://fred.stlouisfed.org/graph/?g=17Hsf (units adjusted)

Consumer loans jumped after financial crisis and peaked 2018.

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