Retail has been in recovery since the pandemic crash. But now some data suggests that the industry may be facing increasing headwinds, which ultimately could be bad news for retail and the associated CRE property sector.
One is a resurgence of credit card debt. Banks have seen a huge uptick of credit card use, according to Federal Reserve data. Annualized percentage of change, seasonally adjusted, of credit card and other revolving credit plan use through banks was up 17.3% in February, the most recent comparative data available.
When pulling together all types of organizations providing revolving credit, the total topped $1.103 trillion in April, an all-time high since at least 1968, as Fed data from the Federal Reserve Bank of St. Louis shows.
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