Recent Developments in the Credit Card Market and the Financial Obligations Ratio

Kathleen W. Johnson

Chapter Chapter 2 in Household Credit Usage, 2007, pp 13-35 from Palgrave Macmillan

Abstract: Abstract Over the past 17 years, U.S. households in the aggregate have devoted an increasing share of their after-tax income to the payment of financial obligations. Part of the increase is attributable to a rise in the level of credit card debt, which has raised the share of households’ aggregate after-tax income that is devoted to credit card payments. Much of the rising share of credit card debt in overall financial obligations may stem from several notable changes in the credit card market over this period.

Keywords: Interest Rate; Credit Card; Federal Reserve; Financial Obligation; Mortgage Debt (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-60891-7_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230608917

DOI: 10.1057/9780230608917_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().