Greene, Claire; Stavins, Joanna - 2022
consumers revolve credit card debt while also keeping liquid assets as bank account deposits. This scenario is very common: 42 …, borrower-savers' credit card debt exceeded their liquid assets. The average borrower-saver carried almost $6,400 in unpaid … credit card debt and had $5,400 in liquid assets, including checking and savings accounts, cash, and general-purpose prepaid …