That's Interesting
-
Boston Fed Paper: Credit Card Utilization and Consumption over the Life Cycle and Business Cycle
28th December, 2017Nearly 80 percent of U.S. adults have a credit card, and more than half of them revolve their debt from month to month. Using a large sample of credit bureau data, this paper documents a tight link between available credit (the limit) and credit card debt, and then it offers a model-based interpretation of this linkage.
Read More