Americans Hold $5.14 Trillion in Outstanding Consumer Credit

The Federal Reserve's G.19 Consumer Credit release (April 2026 data) shows total outstanding consumer credit reached $5.14 trillion in March 2026. Revolving credit — primarily credit cards — totaled $1.34 trillion and grew at a 9.1% annualized rate. Non-revolving credit (auto loans, student loans) stood at $3.80 trillion.

The Federal Reserve held the federal funds target rate at 3.50%–3.75% as of April 29, 2026. With the bank prime loan rate at 6.75%, variable-rate credit products tied to prime — including many business lines of credit — remain at historically elevated levels relative to the 2010s. That rate backdrop hasn't slowed small-business demand for fixed-rate government-backed capital: the SBA guaranteed 84,400 loans worth $44.8 billion combined across its 7(a) and 504 programs in FY2025, per the agency's own year-end figures — a reminder that consumer credit conditions and small-business loan volume don't always move in lockstep.

https://clearvaluelending.com/reports/stats/consumer-credit-outstanding-2026