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Credit CheckMobile WalletInformed InsightIndustry PulseQ2 2014

How Much are Consumers Spending and Borrowing?

Last Updated:  Jun 4th, 2014

Consumer Spending

Consumer Credit Through Q1 2014

  • The Q1 2014 Consumer Credit Index reveals that revolving credit fell in the first quarter from 858.3 billion to 855.8 billion.
  • Most of the drop was during February, with consumer spending accelerating during the month of March, increasing by 1.6%.
  • In a recent study from the Fed, more than 50% of the respondents said that new federal regulation on credit card interest rates and fees, along with increasing consumer preferences for using debit cards, held back credit card lending during 2013.
  • 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.