We've shown in a variety of former posts how consumer confidence is increasing, and with that consumers start to spend money they don't have, thinking they can pay for their fun today with future borrowing.
In this recent release, we show how the amount of Revolving and Nonrevolving debt is increasing.
I feel better about the future, therefore I'll borrow more now to have more fund today. Unfortunately most of this borrowing is coming from Revolving (credit card type debts), it's good for the overall economy, but be careful if you feel the urge again to borrow to spend money you don't have today.
