Consumer Credit – Borrowers go all in

Interesting to compare the current cycle to before the financial crisis. Consumers have been going crazy by this measure.
The recent increase mirrors the excitement we’re seeing in financial markets (stocks, bitcoin etc). Probably the final months of the greatest bubble in history.

 I think this is a sign of maxing out credit in order to maintain living standards rather than households becoming irrationally exuberant. Saving rates have dipped to pre-financial crisis lows as well, which indicates that households are becoming more and more strained to pay for basic necessities like housing or transportation.