Bad debt rising
Current issues in economics and financePublished 1 January 1997
Donald P. Morgan, Ian Toll
Citations14
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Abstract
Charge-offs on credit card loans are rising sharply. While many analysts blame this trend on an expanding supply of credit cards, a closer look reveals the importance of two demand factors--wealth and the share of the population at peak borrowing age--in explaining the increase in bad debt.
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting