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How important is variability in consumer credit limits?

Fulford, Scott L. - Federal Reserve Bank of Boston - 2010

Credit limit variability is a crucial aspect of the consumption, savings, and debt decisions of households in the … United States. Using a large panel, this paper first demonstrates that individuals gain and lose access to credit frequently … and often have their credit limits reduced unexpectedly. Credit limit volatility is larger than most estimates of income …

Persistent link: https://www.econbiz.de/10010938785

Social security and unsecured debt

Hurst, Erik (contributor); Willen, Paul (contributor) - 2004

Most young households simultaneously hold both unsecured debt on which they pay an average of 10 percent interest and social security wealth on which they earn less than 2 percent. We document this fact using data from the Panel Study of Income Dynamics. We then consider a life-cycle model with...

Persistent link: https://www.econbiz.de/10002560061

Is bank lending important for the transmission of monetary policy?

Peek, Joe (ed.) - 1995

Persistent link: https://www.econbiz.de/10013418359

Nudging credit scores in the field: the effect of text reminders on creditworthiness in the United States

Bracha, Anat; Meier, Stephan - Federal Reserve Bank of Boston - 2014

Given the fundamental role that credit scores play in day-to-day life in the United States, it is very important to … understand what can be done to help individuals improve their credit scores. This question is important in general, and … early 2014 in Boston, Massachusetts, with LMI taxpayers who were offered credit advising services. Taxpayers who opted into …

Persistent link: https://www.econbiz.de/10011274544

U.S. consumers' holdings and use of $100 bills

Greene, Claire; Schuh, Scott - Federal Reserve Bank of Boston - 2014

Conventional wisdom asserts that $100 bills are often associated with crime and foreign cash holdings, leading some commentators to call for their elimination; in light of this proposal, it is useful to examine the legal, domestic use of cash. This report uses new data from the 2012 Diary of...

Persistent link: https://www.econbiz.de/10011274942

The 2011 and 2012 Surveys of Consumer Payment Choice

Schuh, Scott; Stavins, Joanna - Federal Reserve Bank of Boston - 2014

in 2012. Credit and charge card payments by consumers, which declined in 2009, rebounded further, increasing by 14 … credit share reached 21.6 percent—surpassing its highest level recorded in the SCPC in 2008. The 2011 and 2012 SCPC include …

Persistent link: https://www.econbiz.de/10011274943

U.S. consumer holdings and use of $1 Bills

Fulford, Scott L.; Greene, Claire; Murdock, William - Federal Reserve Bank of Boston - 2015

Small denominations play a special role in a payments ecosystem because they facilitate exchange for small-value goods and services. This report examines the $1 bill holdings of adults in the United States using data from the Diary of Consumer Payments Choice (DCPC). Simply knowing the number of...

Persistent link: https://www.econbiz.de/10011274944

The 2011 and 2012 Surveys of Consumer Payment Choice: technical appendix

Angrisani, Marco; Foster, Kevin; Hitczenko, Marcin - Federal Reserve Bank of Boston - 2014

This document serves as the technical appendix to the 2011 and 2012 Surveys of Consumer Payment Choice. The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to study the evolving attitudes to and use of various payment instruments by consumers over the age of 18 in...

Persistent link: https://www.econbiz.de/10011274945

How do speed and security influence consumers' payment behavior?

Schuh, Scott; Stavins, Joanna - Federal Reserve Bank of Boston - 2015

The Federal Reserve Financial Services (FRFS) strategic plan for 2012-2016 named improvements in the end-to-end speed and security of the payment system as two of its policy initiatives. End-to-end in this context means that for the first time end-users are explicitly included. Earlier versions...

Persistent link: https://www.econbiz.de/10011274956

How many cards do you use?

Shy, Oz - Federal Reserve Bank of Boston - 2013

This paper investigates how buyers allocate their spending among debit, credit, and prepaid cards. Using the 2012 Diary …

Persistent link: https://www.econbiz.de/10010739548