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Credit Cards: The Trillion-Dollar Debt

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  • Jeannette N. Bennett

Abstract

With record-level credit card debt in the headlines, this December 2023 issue of Focus on Finance addresses credit card history, statistics, and usage, as well as reasons for the increase in credit card debt. The information in the article can help in managing credit card accounts, and students will better understand the economics of using revolving credit as they prepare to become cardholders!

Suggested Citation

  • Jeannette N. Bennett, 2023. "Credit Cards: The Trillion-Dollar Debt," Page One Economics Newsletter, Federal Reserve Bank of St. Louis, pages 1-7, December.
    • Handle: RePEc:fip:fedlpo:97411
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    Keywords

    credit cards; credit card debt;

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