2026.05.0719:00:00UTC+00US Consumer Credit Jumps to $24.86 Billion in March, Nearly Tripling February Growth

Consumer credit in the United States surged in March 2026, with total outstanding borrowing rising by $24.86 billion, according to data updated on 7 May 2026. The increase marks a sharp acceleration from February 2026, when consumer credit expanded by $8.85 billion.

The March reading indicates a significant pickup in consumer borrowing compared with the prior month, suggesting stronger demand for credit among households. While the data do not break down the components, the overall jump in consumer credit may reflect increased use of credit cards and other revolving credit, as well as growth in non‑revolving loans such as auto and student loans.

The acceleration from February’s $8.85 billion to March’s $24.86 billion will be closely watched by analysts assessing the resilience of U.S. consumer spending and the broader economic outlook in early 2026.