BREAKING: Total consumer credit surged +$24 billion in December, to a record $5.11 trillion. This marks the biggest monthly increase of 2025 and the largest since 2023. Revolving credit, which includes credit cards, jumped +$13.8 billion, to $1.33 trillion, the highest since November 2022. This was also the largest monthly increase since 2023. Non-revolving credit, mainly auto and student loans, soared +$10.2 billion, to a record $3.78 trillion. Meanwhile, the average credit card interest rate remains elevated at 22.2%, near its all-time high of 23.4%, despite the Fed slashing rates by 175 bps since September 2024. Americans are "fighting" surging prices with more debt.