. First, more specifically, we assess consumers' effectiveness at prioritizing use of their lowest-cost credit option. We find …

consumers revolve credit card debt while also keeping liquid assets as bank account deposits. This scenario is very common: 42 … percent of consumers in our sample were borrower-savers in 2019 (those who carry $100 or more in credit card debt and $100 or … household debt are complements rather than substitutes. During the COVID-19 pandemic in 2020, consumers' unpaid credit card debt …

consumers revolve credit card debt while also keeping liquid assets as bank account deposits. This scenario is very common: 42 … percent of consumers in our sample were borrower-savers in 2019 (those who carry $100 or more in credit card debt and $100 or … are complements rather than substitutes. During the COVID-19 pandemic in 2020, consumers' unpaid credit card debt …