American consumers’ revolving credit-mostly composed of credit card debt-dropped 6.4% this January from January 2009 and totals $795.5 billion. This after consumer credit debt dropped consistently for nearly 2 and half years from its peak of $973.6 billion in August 2008 to November 2010 by a staggering $175.4 billion, that is until December 2010 rolled around and some holiday shoppers turned back to pulling out the plastic. But with credit card debt dropping 28 of the past 29 months, you are clearly staying strong and paying down your debt. Despite the holiday hiccup, people are still most concerned in building savings as the economy continues to rebound. Keep it up America!