{"id":22285,"date":"2026-06-08T03:30:58","date_gmt":"2026-06-08T03:30:58","guid":{"rendered":"https:\/\/globalnewstoday.uk\/index.php\/2026\/06\/08\/what-revolving-credits-10-4-growth-says-about-consumer-resilience-pymnts-com\/"},"modified":"2026-06-08T03:30:58","modified_gmt":"2026-06-08T03:30:58","slug":"what-revolving-credits-10-4-growth-says-about-consumer-resilience-pymnts-com","status":"publish","type":"post","link":"https:\/\/globalnewstoday.uk\/index.php\/2026\/06\/08\/what-revolving-credits-10-4-growth-says-about-consumer-resilience-pymnts-com\/","title":{"rendered":"What Revolving Credit\u2019s 10.4% Growth Says About Consumer Resilience &#8211; PYMNTS.com"},"content":{"rendered":"<p>                           <span class=\"bx-next dashicons dashicons-lightbulb\"><\/span>                          <span class=\"fw-bold\">               Highlights            <\/span>           <br \/>                         The Fed report released Friday showed revolving credit grew at a 10.4% annualized rate in April, its fastest pace since November 2023.                        <br \/>                         Total revolving balances climbed to $1.3 trillion, nearing the record reached in late 2024.                        <br \/>                         Consumers are using a mix of revolving credit and installment financing to manage cash flow and preserve purchasing power.                      <br \/>Call it the trillion-dollar question, focused on the U.S. consumer: How much longer can spending keep outpacing the economic headlines?<\/p>\n<p>Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content \u2014 no additional logins required. \t<br \/><span class=\"wpcf7-form-control-wrap\" data-name=\"firstName\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"firstName\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"First Name*\" value=\"\" type=\"text\" name=\"firstName\" \/><\/span> \t\t\t\t<br \/><span class=\"wpcf7-form-control-wrap\" data-name=\"lastName\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"lastName\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Last Name*\" value=\"\" type=\"text\" name=\"lastName\" \/><\/span> \t\t\t\t<br \/><span class=\"wpcf7-form-control-wrap\" data-name=\"YourTitle\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"inputTitle\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Title*\" value=\"\" type=\"text\" name=\"YourTitle\" \/><\/span> \t\t\t\t<br \/><span class=\"wpcf7-form-control-wrap\" data-name=\"YourCompany\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"inputCompany\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Company*\" value=\"\" type=\"text\" name=\"YourCompany\" \/><\/span> \t\t\t\t<br \/><span class=\"wpcf7-form-control-wrap\" data-name=\"YourEmail\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email form-control border-secondary\" id=\"inputEmail\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email*\" value=\"\" type=\"email\" name=\"YourEmail\" \/><\/span> \t\t\t\t<br \/><span class=\"wpcf7-form-control-wrap\" data-name=\"YourCountry\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"inputCountry\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Country*\" value=\"\" type=\"text\" name=\"YourCountry\" \/><\/span> \t\t\t\t<br \/><span class=\"wpcf7-form-control-wrap\" data-name=\"newsLetterChoice\"><span class=\"wpcf7-form-control wpcf7-checkbox me-1\" id=\"checkNewsletter\"><span class=\"wpcf7-list-item first last\"><input type=\"checkbox\" name=\"newsLetterChoice[]\" value=\"yes\" checked=\"checked\" \/><span class=\"wpcf7-list-item-label\">yes<\/span><\/span><\/span><\/span><span class=\"small\">Subscribe to our daily newsletter, PYMNTS Today.<\/span> \t\t\t\t<br \/>By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our <a class=\"fw-bold\" href=\"https:\/\/pymnts-com-develop.go-vip.net\/privacy-policy\/\">Privacy Policy<\/a> and <a class=\"fw-bold\" href=\"https:\/\/pymnts-com-develop.go-vip.net\/terms-conditions\/\">Terms and Conditions<\/a>. \t\t\t\t<br \/><input id='hiddenPath' type='hidden' name='path' value='' \/><input type='hidden' name='userDeviceId' id='userDeviceId' \/><input type='hidden' name='pageTitle' id='pageTitle' \/> \t\t\t\t<br \/><input class=\"wpcf7-form-control wpcf7-submit has-spinner btn btn-dark text-uppercase py-2 px-5 small\" id=\"theSubmitButton\" type=\"submit\" value=\"Submit\" \/> \t\t\t\t\t<br \/><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"99\"\/><script>document.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><br \/>The latest Federal Reserve consumer credit data offers a partial answer: A bit longer.<br \/><a href=\"https:\/\/www.federalreserve.gov\/releases\/g19\/current\/\">According to the Fed&#8217;s April G.19 report<\/a> on Friday (June 5<sup>th<\/sup>), total consumer credit expanded at a 4.8% annualized rate, led by a sharp acceleration in revolving credit. Revolving balances, which include credit card debt, grew at a 10.4% annualized pace, up from 9.4% in March and marking the strongest increase since November 2023. Meanwhile, nonrevolving credit growth slowed to 2.9%.<br \/>&nbsp;<br \/><iframe id=\"datawrapper-chart-Eja0o\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Consumer Credit Outstanding\" src=\"https:\/\/datawrapper.dwcdn.net\/Eja0o\/1\/\" height=\"469\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Grouped column chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();<\/script><br \/>Auto loans, student loans and other forms of installment borrowing are growing modestly. Credit card borrowing is growing much faster. That suggests consumers are placing a premium on flexibility as they navigate an environment characterized by elevated prices, economic uncertainty and borrowing costs that remain historically high.<br \/>That trend is pushing revolving balances toward historic levels. Total revolving credit outstanding reached $1.348 trillion in April, approaching the $1.352 trillion peak recorded in October 2024.<br \/>The Fed data suggests, and reinforces PYMNTS Intelligence findings, that credit is increasingly functioning as a liquidity management tool rather than simply a source of emergency borrowing.<br \/>Advertisement: Scroll to Continue<br \/>Consumers continue to face competing financial pressures. Housing costs remain elevated. Insurance costs continue to rise. Many households are still adjusting to the cumulative impact of several years of inflation. At the same time, consumer spending has remained surprisingly resilient.<br \/><a href=\"https:\/\/www.pymnts.com\/study_posts\/the-pay-later-data-shift-credit-card-installments-take-the-lead\/\">PYMNTS Intelligence data points<\/a> to a broader shift in how consumers think about borrowing. While buy now, pay later providers initially positioned themselves as alternatives to traditional credit cards, consumers increasingly appear to be using a wider range of credit products as tools for managing monthly cash flow. Credit card installment-plan usage rose from 23% in April 2025 to 36% in March 2026, more than double BNPL usage during the same period. Younger consumers were among the most active users of these options.<br \/>The key question for the remainder of 2026 is whether rising revolving balances reflect confidence or strain.<br \/>One interpretation is optimistic. Consumers remain employed, wages continue to grow and households are using available credit because they remain comfortable with their ability to repay it. Under that scenario, rising balances are a sign of economic resilience and continued spending power.\u00a0 The less optimistic interpretation is that households are increasingly relying on credit to maintain spending levels that income growth alone can no longer support.<br \/>For now, the April report offers a reminder that predictions of a consumer pullback have once again proven premature. Spending remains intact.<br \/>At the moment there\u2019s still momentum in the cards, digital and plastic.<br \/>&nbsp;<br \/>                   What Revolving Credit\u2019s 10.4% Growth Says About Consumer Resilience                <br \/>                   HYPE ETFs Gain Traction as Bitcoin Market Cools                <br \/>                   Bank Workers Feel Unmoored as CEOs Talk AI-Related Cuts                <br \/>                   Bank Tellers Play Detective in Face of Rising Fraud                <br \/>Get PYMNTS Today, AI, B2B and more.<br \/>We\u2019re always on the lookout for opportunities to partner with innovators and disruptors.<\/p>\n<p><a href=\"https:\/\/news.google.com\/rss\/articles\/CBMisAFBVV95cUxQUXFNUHoyN0Y4anplUk9TclltX2lyeUFnQ2tmMHFVcWd4QzFNa0l0aUxKUmlUSTFkYWpITGRHeFVqMFQza1VlbDFuTkY5Z2tRYmZrbWVmSWJGZHpfSF8zM0ZxN290Z1N0dVRGbEFUaDhkRGZFVU9jdXRyY2JpNFFHX3laOEhfTzNSWU1vTXZCRXNmcGx6cEE2RzlaZE0tbVJ3bkcyYmR6VXZ2Ul9iSDEwMQ?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlights The Fed report released Friday showed revolving credit grew at a 10.4% annualized rate in April, its fastest pace since November 2023. Total revolving balances climbed to $1.3 trillion, nearing the record reached in late 2024. Consumers are using a mix of revolving credit and installment financing to manage cash flow and preserve purchasing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-22285","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"_links":{"self":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/22285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/comments?post=22285"}],"version-history":[{"count":0,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/posts\/22285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media\/22286"}],"wp:attachment":[{"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/media?parent=22285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/categories?post=22285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnewstoday.uk\/index.php\/wp-json\/wp\/v2\/tags?post=22285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}