Bad debt rising
Donald Morgan () and
Current Issues in Economics and Finance, 1997, issue mar
Charge-offs on credit card loans are rising sharply. While many analysts blame this trend on an expanding supply of credit cards, a closer look reveals the importance of two demand factors--wealth and the share of the population at peak borrowing age--in explaining the increase in bad debt.
Keywords: Debt; Supply and demand; Credit (search for similar items in EconPapers)
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