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.