Author:
Adams Robert M., ,Bord Vitaly M.,Katcher Bradley, ,
Abstract
Consumer credit card balances in the United States experienced unprecedented declines during the COVID-19 pandemic. According to the G.19 Consumer Credit statistical release, revolving consumer credit fell more than $120 billion (11 percent) in 2020, the largest decline in both nominal and percentage terms in the history of the series.
Publisher
Board of Governors of the Federal Reserve System
Cited by
2 articles.
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