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Credit CheckMobile WalletInformed InsightIndustry PulseQ3 2014

How Much are Consumers Spending and Borrowing?

Last Updated:  Sep 5th, 2014

Consumer Spending

Consumer Credit Through Q2 2014

  • The Q2 2014 Consumer Credit Index reveals that U.S. consumer credit grew at a 7.75% seasonally adjusted annual rate during Q2 2014.
  • Revolving credit increased to 873.1 billion, the largest percentage increase since the second quarter of 2011.
  • Year-Over-Year Credit Card Spending Volume Increases: April: 4.3%, May: 4.9%, June: 3.9%
  • Following a long winter, travel and home improvement sales drove extensive growth in early Q2, trailing off in June.
  • An interesting trend reported by Equifax notes that while overall credit card usage is down, retail credit debt grew 7% when compared the third quarter of 2013 to 2012. This is marked difference from the .5% growth seen on general purpose cards.


Looking Ahead



  • Revolving credit is a type of credit that does not have a fixed number of payments, in contrast to installment credit Credit cards are an example of revolving credit used by consumers.

  • Non-revolving credit is when credit is extended via a fixed repayment plan. These payments are paid on non-revolving credit plans.