Using transaction data from a US consumer payments diary, we revisit the credit card debt puzzle-a scenario in which … 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 …

Using transaction data from a US consumer payments diary, we revisit the credit card debt puzzle-a scenario in which … 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 …

Most US credit card holders revolve high-interest debt, often with substantial liquid and retirement assets. We model … than the accountant, selling assets to repay debt is not necessarily optimal, as the shopper can restore debt. Modest … relative impatience generates asset-debt co-existence and target utilization rates, matching incidence and median assets of …