Credit Card Profitability

Robert M. Adams, Vitaly M. Bord and Bradley Katcher
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Robert M. Adams: https://www.federalreserve.gov/econres/robert-m-adams.htm
Vitaly M. Bord: https://www.federalreserve.gov/econres/vitaly-m-bord.htm

No 2022-09-09, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Credit cards are one of the most ubiquitous consumer financial products in the United States, with more than 75 percent of households owning at least one general purpose credit card in 2019. According to the G.19 Consumer Credit Statistical release, revolving consumer credit, which mainly consists of credit cards and related plans, stood at over one trillion dollars at the end of 2021.

Date: 2022-09-09
New Economics Papers: this item is included in nep-ban, nep-ind, nep-pay and nep-reg
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2022-09-09

DOI: 10.17016/2380-7172.3100

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