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Debt, delinquencies, and consumer spending

Jonathan McCarthy ()

Current Issues in Economics and Finance, 1997, issue feb

Abstract: The sharp rise in household debt and delinquency rates over the last year has led to speculation that consumers will soon revert to more cautious spending behavior. Yet an analysis of the past relationship between household liabilities and expenditures provides little support for this view.

Keywords: Consumer credit; Bank loans; Consumption (Economics) (search for similar items in EconPapers)
Date: 1997
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