---
title: "U.S. consumer credit unexpectedly recorded its largest decline in over a year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/224358975.md"
description: "U.S. consumer credit balances unexpectedly fell by $7.5 billion in November, marking the largest decline in over a year. Credit card and other revolving debts decreased by $13.7 billion, the largest drop since the pandemic. Economists had originally forecast an increase of $10.5 billion. Non-revolving credit, such as auto loans and tuition loans, increased by $6.2 billion"
datetime: "2025-01-08T20:20:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/224358975.md)
  - [en](https://longbridge.com/en/news/224358975.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/224358975.md)
---

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# U.S. consumer credit unexpectedly recorded its largest decline in over a year

Due to a significant decrease in credit card debt balances, the outstanding consumer debt balance in the U.S. unexpectedly recorded the largest decline in over a year in November. According to data released by the Federal Reserve on Wednesday, total consumer credit decreased by $7.5 billion in November, revised from an increase of $17.3 billion in October. The median forecast from economists surveyed by Bloomberg was an increase of $10.5 billion. These figures are not adjusted for inflation. The outstanding balances of unpaid credit card and other revolving debts decreased by $13.7 billion, marking the largest decline since the onset of the pandemic, following a substantial increase the previous month. The Federal Reserve's report indicated that non-revolving credit, such as auto loans and tuition loans, increased by $6.2 billion in November

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