US consumer credit jumps $29B, blowing past $5.19 trillion for a new record
US consumer credit rose by $29 billion in September, hitting a record $5.19 trillion, per @KobeissiLetter. It's the biggest monthly jump since December 2025 and the third-largest since November 2023, with card balances leading the charge.
- Original source: X account @KobeissiLetter.
- The source published it on Nov 10, 2026 at 3:26 AM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
Americans aren't slowing down on borrowing. Total US consumer credit climbed by $29 billion in September, pushing the outstanding balance to a record $5.19 trillion, according to @KobeissiLetter. It's the biggest single-month jump since December 2025.
The streak is the real story. Consumer credit has now grown for seven straight months, adding $125 billion along the way, the outlet noted. On a monthly basis, September's gain ranks as the third-largest since November 2023.
Credit cards did the heavy lifting. Revolving credit, the category that covers card balances, shot up by $16 billion to an all-time high of $1.37 trillion — its largest monthly increase since November 2023. Non-revolving credit, which includes auto and student loans, rose by $12 billion to $3.86 trillion, also a record.
The takeaway from @KobeissiLetter: US consumers are piling on debt to fight inflation.
TopicsKobeissi Letter
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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