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Aggregate Credit Card Borrowing Exhibits Seasonal Patterns

credit cardsThe Bureau released the latest quarterly consumer credit trends report, this time focusing on end-of-year credit card borrowing and repayment of credit card balances in the new year.

Consumer spending peaks each year during November and December, a period often referred to as the "holiday shopping season." 

This report explores how credit card borrowing patterns evolve during and after the annual peak in consumer spending in November and December each year and how this period of borrowing may correlate with financial distress. Additionally, this report studies how quickly these balances are repaid in subsequent months.


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