October 8, 2009
Graph of the Day: Consumer Credit, 1969-2009
From Calculated Risk: 
This graph shows the year-over-year (YoY) change in consumer credit. Consumer credit is off 4.4% over the last 12 months. The previous record YoY decline was 1.9% in 1991. Here is the Fed report: Consumer Credit
Consumer credit decreased at an annual rate of 5-3/4 percent in August 2009. Revolving credit decreased at an annual rate of 13 percent, and nonrevolving credit decreased at an annual rate of 1-1/2 percent.
Note: The Fed reports a simple annual rate (multiplies change in month by 12) as opposed to a compounded annual rate. Consumer credit does not include real estate debt. …
Consumer Credit Declines Sharply in August
Technorati Tags: financial collapse
srsly? the fat graph was a lot more amusing and edifying. We are all debtors now, and welcome our lender overlords.