OUTSTANDING CONSUMER CREDIT AND PERSONAL SAVING: 1959-2003
(billions of dollars)
Personal Disposable Total Non-
Personal Current Personal Consumer Revolving Revolving Personal
Year Income Taxes Income Credit Credit Credit Saving
-----------------------------------------------------------------------
1959 392.8 42.3 350.5 56.0 0.0 56.0 26.7
1960 411.5 46.1 365.4 60.0 0.0 60.0 26.7
1961 429.0 47.3 381.8 62.2 0.0 62.2 32.2
1962 456.7 51.6 405.1 68.1 0.0 68.1 33.8
1963 479.6 54.6 425.1 76.6 0.0 76.6 33.3
1964 514.6 52.1 462.5 86.0 0.0 86.0 40.8
1965 555.7 57.7 498.1 96.0 0.0 96.0 43.0
1966 603.9 66.4 537.5 101.8 0.0 101.8 44.4
1967 648.3 73.0 575.3 106.8 0.0 106.8 54.4
1968 712.0 87.0 625.0 117.4 2.0 115.4 52.8
1969 778.5 104.5 674.0 127.2 3.6 123.6 52.5
1970 838.8 103.1 735.7 131.6 5.0 126.6 69.5
1971 903.5 101.7 801.8 146.9 8.2 138.7 80.6
1972 992.7 123.6 869.1 166.2 9.4 156.8 77.2
1973 1110.7 132.4 978.3 190.1 11.3 178.7 102.7
1974 1222.6 151.0 1071.6 198.9 13.2 185.7 113.6
1975 1335.0 147.6 1187.4 204.0 14.5 189.5 125.6
1976 1474.8 172.3 1302.5 225.7 16.5 209.2 122.3
1977 1633.2 197.5 1435.7 260.6 37.4 223.1 125.3
1978 1837.7 229.4 1608.3 306.1 45.7 260.4 142.5
1979 2062.2 268.7 1793.5 348.6 53.6 295.0 159.1
1980 2307.9 298.9 2009.0 351.9 55.0 297.0 201.4
1981 2591.3 345.2 2246.1 371.3 60.9 310.4 244.3
1982 2775.3 354.1 2421.2 389.8 66.3 323.5 270.8
1983 2960.7 352.3 2608.4 437.1 79.0 358.0 233.6
1984 3289.5 377.4 2912.0 517.3 100.4 416.9 314.8
1985 3526.7 417.4 3109.3 599.7 124.5 475.2 280.0
1986 3722.4 437.3 3285.1 654.8 141.1 513.7 268.4
1987 3947.4 489.1 3458.3 686.3 160.9 525.5 241.4
1988 4253.7 505.0 3748.7 731.9 184.6 547.3 272.9
1989 4587.8 566.1 4021.7 794.6 211.2 583.4 287.1
1990 4878.6 592.8 4285.8 808.2 238.6 569.6 299.4
1991 5051.0 586.7 4464.3 798.0 263.8 534.3 324.2
1992 5362.0 610.6 4751.4 806.1 278.4 527.7 366.0
1993 5558.5 646.6 4911.9 865.7 309.9 555.7 284.0
1994 5842.5 690.7 5151.8 997.1 365.6 631.6 249.5
1995 6152.3 744.1 5408.2 1140.6 443.1 697.5 250.9
1996 6520.6 832.1 5688.5 1242.2 498.9 743.2 228.4
1997 6915.1 926.3 5988.8 1305.0 521.7 783.4 218.3
1998 7423.0 1027.0 6395.9 1400.3 562.8 837.5 276.8
1999 7802.4 1107.5 6695.0 1512.8 590.5 922.3 158.6
2000 8429.7 1235.7 7194.0 1686.2 658.9 1027.4 168.5
2001 8713.1 1243.7 7469.4 1822.2 703.9 1118.3 127.2
2002 8910.3 1053.1 7857.2 1902.7 716.7 1186.0 183.2
2003 9208.0 991.4 8216.5 1998.5 744.9 1253.6 173.5
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OUTSTANDING CONSUMER CREDIT AND PERSONAL SAVING: 1959-2003
Percent of Personal Income Percent of Disposable Personal Income
----------------------------- -------------------------------------
Personal Disposable Total Non-
Personal Current Personal Consumer Revolving Revolving Personal
Year Income Taxes Income Credit Credit Credit Saving
---- ----------------------------- -------------------------------------
1959 100.00 10.77 89.23 15.98 0.00 15.98 7.62
1960 100.00 11.20 88.80 16.43 0.00 16.43 7.31
1961 100.00 11.03 89.00 16.30 0.00 16.30 8.43
1962 100.00 11.30 88.70 16.82 0.00 16.82 8.34
1963 100.00 11.38 88.64 18.01 0.00 18.01 7.83
1964 100.00 10.12 89.88 18.59 0.00 18.59 8.82
1965 100.00 10.38 89.63 19.26 0.00 19.26 8.63
1966 100.00 11.00 89.00 18.94 0.00 18.94 8.26
1967 100.00 11.26 88.74 18.57 0.00 18.57 9.46
1968 100.00 12.22 87.78 18.78 0.33 18.46 8.45
1969 100.00 13.42 86.58 18.87 0.53 18.33 7.79
1970 100.00 12.29 87.71 17.88 0.67 17.21 9.45
1971 100.00 11.26 88.74 18.33 1.03 17.30 10.05
1972 100.00 12.45 87.55 19.12 1.08 18.04 8.88
1973 100.00 11.92 88.08 19.43 1.16 18.27 10.50
1974 100.00 12.35 87.65 18.56 1.24 17.33 10.60
1975 100.00 11.06 88.94 17.18 1.22 15.96 10.58
1976 100.00 11.68 88.32 17.33 1.27 16.06 9.39
1977 100.00 12.09 87.91 18.15 2.61 15.54 8.73
1978 100.00 12.48 87.52 19.03 2.84 16.19 8.86
1979 100.00 13.03 86.97 19.44 2.99 16.45 8.87
1980 100.00 12.95 87.05 17.52 2.74 14.78 10.02
1981 100.00 13.32 86.68 16.53 2.71 13.82 10.88
1982 100.00 12.76 87.24 16.10 2.74 13.36 11.18
1983 100.00 11.90 88.10 16.76 3.03 13.73 8.96
1984 100.00 11.47 88.52 17.76 3.45 14.32 10.81
1985 100.00 11.84 88.16 19.29 4.00 15.28 9.01
1986 100.00 11.75 88.25 19.93 4.29 15.64 8.17
1987 100.00 12.39 87.61 19.85 4.65 15.19 6.98
1988 100.00 11.87 88.13 19.52 4.92 14.60 7.28
1989 100.00 12.34 87.66 19.76 5.25 14.51 7.14
1990 100.00 12.15 87.85 18.86 5.57 13.29 6.99
1991 100.00 11.62 88.38 17.88 5.91 11.97 7.26
1992 100.00 11.39 88.61 16.97 5.86 11.11 7.70
1993 100.00 11.63 88.37 17.62 6.31 11.31 5.78
1994 100.00 11.82 88.18 19.35 7.10 12.26 4.84
1995 100.00 12.09 87.91 21.09 8.19 12.90 4.64
1996 100.00 12.76 87.24 21.84 8.77 13.07 4.02
1997 100.00 13.40 86.60 21.79 8.71 13.08 3.65
1998 100.00 13.84 86.16 21.89 8.80 13.09 4.33
1999 100.00 14.19 85.81 22.60 8.82 13.78 2.37
2000 100.00 14.66 85.34 23.44 9.16 14.28 2.34
2001 100.00 14.27 85.73 24.40 9.42 14.97 1.70
2002 100.00 11.82 88.18 24.22 9.12 15.09 2.33
2003 100.00 10.77 89.23 24.32 9.07 15.26 2.11
------------------------------------------------------------------------
Source: Economic Report of the President, 2004, Tables B-30 and B-77;
Federal Reserve, Consumer Credit Historical Data, Seasonally adjusted;
Bureau of Economic Analysis, National Income and Product Accounts Table 2.1
Note: Consumer credit covers most short- and intermediate-term credit
extended to individuals, excluding credit secured by real estate;
Nonrevolving credit includes loans (secured or unsecured) for mobile
homes, education, boats, trailers, vacations and other purposes;
All credit amounts are from December of the specified year;
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