debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …

risk of debt-deflation and prolonged recession. Financialization operates through three different conduits: changes in the …

the dispersion of credit card interest rates nearly tripled, and the share of credit card debt of lower income households …

increases initiated by banks lead households to restore previous utilization rates. High-interest credit card debt co … associated with reduced social stigma, ease of procedures, and financial incentives. Co-existence of credit card debt with … observed co-existence of credit card debt with low-interest liquid assets. A framework of 'accountant-shopper' households, in …

Approximately half of credit card holders in the United States regularly carry unpaid credit card debt. These so …

Using credit report records and data collected from several household surveys, we analyze changes in household debt and … appears to reflect a considerable decline in household debt, as households paid down mortgage debt in particular. At the end … of 2009, individuals expected to continue increasing their saving and paying down of debt, which is consistent with what …

This study focuses on the financialization of the U.S. household sector, featuring enhanced access to credit and ease … household income shows that the continued decline in household saving in the 1990s was broadly based and included middle …

Most US credit card holders revolve high-interest debt, often combined with substantial (i) asset accumulation by …