Bad debt rising

Donald Morgan and Ian Toll

Current Issues in Economics and Finance, 1997, vol. 3, issue Mar

Abstract: 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)
Date: 1997
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