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Credit card debt and payment use

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lili521

Offshore Agent
Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so-called "revolvers" exhibit payment behavior that differs from that of those who repay their entire credit card balance every month. Previous literature has focused on the adoption of debit cards by people who carry credit card balances, but so far there has been no empirical analysis exploring the relationship between revolving behavior and patterns of payment use, such as substitution away from credit cards to other payment methods. ; Using data collected in the 2005 Survey of Consumer Payment Preferences, we explore the relationship between revolving credit card balances and payment use. We find that credit card revolvers are significantly more likely to use debit and less likely to use credit than convenience users who repay their balances each month. There is no significant difference between these two types of credit card users in their use of check or cash. The two groups differ in their perceptions of payments as well as in their payment behavior: revolvers are significantly less likely to view debit as superior with respect to ease of use and acceptability, but more likely to see debit as superior with respect to control over money and budgeting.


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wildy

Offshore Agent
Thanks for sharing the information the Federal Reserve Bank of Boston has issues on their website.


FRBB Working Papers: Credit Card Debt and Payment Use


It would have been nice, if you have quoted from their website and not shown this one as you own.
 

SiddFisher

Corporate Services
Business Angel
LOL!!


At least you could have deleted the "download Info" part!!!


You can't even copy properly!


How many times do I have to tell you not to copy-paste stuff from some other website??


Please don't do it for Pete's sake.
 
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