Consumers are now the most valuable segment of the US economy, with annual consumer loans growing by $15.7 trillion to $2.8 trillion.
But, the US is also the world’s largest consumer lender, with consumers being the biggest borrowers.
The US consumer lending market is now bigger than the US population.
It has a total loan volume of $1.2 trillion, according to a report by the consumer lending industry group.
That’s a whopping $3.2tn of total loan money being lent by consumers to their lenders, a massive increase from the $1tn that banks lend to borrowers annually.
That figure is up from $1,000tn in 2011, but the biggest increase came from the rise in the number of consumers, who now make up roughly half of the total lending market.
But the biggest problem in the US banking industry is that consumers are now increasingly lending more money to lenders than they are taking out.
The US consumer loan market has grown by more than 50% in the past 10 years, with loans now accounting for nearly 70% of total consumer lending.
Consumer lending is a big driver of the country’s unemployment rate, which has been climbing steadily for more than a decade.
In 2013, a whopping 75.2% of Americans were in the workforce.
The majority of this workforce was part-time workers, who were still working fewer hours than in 2000.
The job market has been getting worse, and the jobless rate is still above 9%.
This is not a problem that is going away.
According to the latest jobless numbers released by the Bureau of Labor Statistics in December, more than 1.8 million people lost their jobs during the first quarter of 2018, while the unemployment rate has increased to 6.1%.
According to a 2016 report by US think tank The Economic Policy Institute, the consumer loan industry is expected to create $8.6 trillion in new jobs by 2024.
But there is a real problem.
According the US Federal Reserve Bank of New York, the credit card and consumer lending industries alone have generated $1 trillion in loan and credit card debt in the United States, with consumer lending accounting for roughly $1 of every $1 in consumer debt.
This has created a bubble in consumer credit.
According a recent report by Consumer Financial Protection Bureau, consumer lending has been a major driver of consumer borrowing in the last decade.
According to the report, the debt load of US consumers grew from $15,000 to $19,400 between 2005 and 2019, while loans grew by $20,000 in that same period.
This increase in consumer borrowing is a result of both the credit cards that consumers can borrow, as well as the increase in the cost of credit.
Consumer credit has grown at an average annual rate of nearly 3% in this period, according the report.
Consumer debt is now $15 trillion.
And the number is rising.
The consumer loan bubble is now the largest in history, and it is growing faster than the economy as a whole.
A number of recent developments in the industry have prompted a discussion about how to tackle this problem.
The Federal Reserve Board of Governors, which sets monetary policy, has said it wants to see a “sustainable rate of inflation”, and a rise in consumer prices.
It is also looking at ways to slow the growth of the debt bubble, to avoid a repeat of the 2008 financial crisis, when debt exploded and the economy lost more than two million jobs.
While the Federal Reserve may be supportive of these efforts, there is one big problem that it cannot solve.
The consumer credit bubble is not going away, and will only get bigger.
It will only expand if the US government can reduce the interest rates paid by banks on consumer loans.
This is why the US has been in an unprecedented period of monetary easing, which was announced last week.
It is hoped that by lowering the interest rate paid by a bank on a loan, it will also reduce the debt that consumers have to pay on consumer debt, thereby lowering the price they pay for credit.
If banks can make this payment, consumers will have less debt, and less leverage.