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Credit Card Debt

Credit Card Debt (Latest Data - 10/7/26)

$1104B

Oct 7, 2026 · M2-adjusted $227B

ActualM2-adjusted
$0.0B$247B$495B$742B$989B$1237B$0.0B$81.6B$163B$245B$326B$408BJun 00Sep 05Dec 10Apr 16Jul 21Oct 26

Left axis: actual credit-card and revolving balances at commercial banks (CCLACBW027SBOG, $B). Right axis: the same balances held against M2 growth from Jun 28, 2000. If card debt and M2 rise at the same speed, orange is flat. The 2010 jump is mostly FAS 166/167 accounting, not a household borrowing spike. Latest M2-adjusted $227B. Updated Oct 20, 2026.

White is the actual dollar balance. Orange is the same balance after stripping out M2 growth from 2000-06-28. If the two grow together, orange stays flat. The 2010 jump is mostly accounting (card loans coming back onto bank books), not a sudden binge.

Data Grade

Credit card loans:

C

Weekly bank balance-sheet total from the Fed H.8. Seasonally adjusted and revised. Not a market price.

M2-adjusted line:

C

Built from monthly M2 interpolated onto the weekly loan prints. Useful as a comparison, not a traded number.