How the Poor Subsidize Credit Card Programs and Other Facts
Rewards programs cause cash-using households, which also happen to be lower-income, to subsidize card-using households, which are also higher-income....
Tag: credit card statistics
Getting Your Credit Card Accepted (or Not) around the World
Canadian merchants are most accepting of credit cards outside the U.S. They scored 4.82 on a five-point scale and were followed by Europe and Mexico....
U.S. Savings Rate Dips as Demand for Consumer Loans Spikes
Household borrowing is on the rise again and the growth rate of consumption spending has been outpacing that of personal income since Q2 2009....
The Rise of E-Payments
The use of paper checks in the U.S. has been on the decline since the mid-1990s. By contrast, all forms of electronic payments have been on the rise....
Getting Rid of Credit Cards the American Way
About a quarter of American consumers now have zero open credit card accounts, another quarter of consumers own only one active credit card....