{"product_id":"finance-and-economics-discussion-series-convenience-or-necessity-understanding-the-recent-rise-in-credit-card-debt-1288712162","title":"Finance and Economics Discussion Series: Convenience or Necessity? Understanding the Recent Rise in Credit Card Debt","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 1288712162\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Johnson, Kathleen W\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eEconomist disagree whether the recent increase in credit card debt has been detrimental to U.S. households. However, many rely on a measure of revolving credit published by the Federal Reserve, which captures transactions in which a credit card is used because of its advantages over cash or a check. An increase in debt stemming from such convenience use likely would not signal greater financial vulnerabiltiy for households. In this paper, I present evidence that some of the significant increase in both the level of credit card debt and its growth from 1992 to 2001 was due to convenience use.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51968872841504,"sku":"NEW1288712162","price":18.9,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0980\/7426\/3840\/files\/710Rh2koOnL.jpg?v=1783716321","url":"https:\/\/miakarts.com\/products\/finance-and-economics-discussion-series-convenience-or-necessity-understanding-the-recent-rise-in-credit-card-debt-1288712162","provider":"Miakarts Books","version":"1.0","type":"link"}