Americans are not in the mood to spend as consumer credit outstanding fell once again in June, according to the Federal Reserve, marking the fifth consecutive month of declines. The announcement comes on the heels of last week's report that consumer confidence also keeps shrinking. The benchmark fell $1.3bn, or 0.7%, to $2.418trn due mostly to a $4.5bn, or 6.5%, drop in revolving credit, such as credit cards. Non-revolving credit, which includes mortgages, auto loans, and student loans, rose 2.4% to $1.592bln. For the three months ended June 30, consumer credit fell 3.25% from a year earlier. Revolving credit fell 9.5% for Q210 while nonrevolving credit for the period remained flat with the year ago, according to the Federal Reserve Bank of Cleveland statistical department.