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Just put it on the card; worry about it next month

U.S. households and non-profits have been steadily increasing their borrowing since taking a brief break in late 2015. In contrast, non-financial businesses have been slowing their financing activity since the start of 2016.

Households and non-profit borrowing grew 3.8% during the 12-month period ended March 31, up 0.3 percentage points from the fourth quarter; non-financial business borrowing grew 4.7% over the same period, a 0.7 percentage point decline from the 12 months ended Dec. 31.

U.S. household credit is near 2007 levels as cheap and available debt has been provided to the masses. The decline in borrowing by U.S. businesses outside the financial sector suggests businesses are predicting lower future growth or facing a tighter lending environment.