Chart 55
Credit Card Debt Growth Has Expanded Largely through Subprime Growth
Year |
Credit Card Debt (dollars in billions) |
Credit Card Debt Growth (year-over-year, percent) |
1995 |
$443.5 |
21% |
1996 |
$499.6 |
13% |
1997 |
$536.7 |
7% |
1998 |
$576.5 |
7% |
1999 |
$604.5 |
5% |
2000 |
$678.9 |
12% |
2001 |
$713.3 |
5% |
2002 |
$732.7 |
3% |
2003 |
$752.8 |
3% |
2004 |
$781.1 |
4% |
Oct. 2005 |
$798.9 |
2% |
Sources: Federal Reserve and CIBC World Markets.
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