April 8, 2009
Credit card borrowing hit the skids in February as Americans stopped borrowing. Overall, consumer borrowing fell out by an annualized rate of 3.5 percent. But the credit cards led the way at 9.7 percent.
In the chart above, the line for household debt includes mortgages, student loans, car loans and credit cards.
Check out the closer look with a chart of borrowing by quarter, after the jump. That federal line — wow.
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