The same structural change you are going to account fully for the latest gradual escalation in non-creating funds to possess credit debt
Very cardholders is increasingly using handmade cards getting transactional intentions instead than for borrowing. This new show regarding cardholders which usually repay its bank card stability entirely every month has increased over the past years (Chart B5). This new growing habit of settling it completely per month levels to your steady inventory regarding personal credit card debt, even with its improved play with as a way of payment. Read more
