Bird, Edward J.; Hagstrom, Paul A.; Wild, Robert; … - In: Journal of Policy Analysis and Management 18 (1999) 1, pp. 125-133
In this article we report on a little-known aspect of the consumer credit explosion: It has also happened among the poor. Focusing on credit cards, we use data from four releases of the Survey of Consumer Finances (SCF), 1983-1995, to trace the evolution of the debt position of the poor as...