Revolving Credit Drops 12% in November as Consumers Trim Balances

November’s stats from the Federal Reserve on consumer credit — known as the G.19 report — show a reversal from recent months, where households kept borrowing, padding balances, and using cards and other loans to finance daily life.

The question is: Was the decline in revolving credit (such as credit cards) and nonrevolving lines (fixed-term loans like auto loans), heading into the holiday season, a sign of things to come, when consumers will trim balances?

Or was it simply a pause...