History shows us that we should not be overly concerned with the recent growth in consumer credit

Durkin, Thomas (2015) History shows us that we should not be overly concerned with the recent growth in consumer credit. USApp – American Politics and Policy Blog (04 Mar 2015). Website.

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Abstract

With the economy now in recovery in the aftermath of the Great Recession, consumers’ use of credit it once again on the rise. Thomas A. Durkin looks at whether or not we should be concerned with this resurgent growth in consumer credit. He argues that while some consumers do have debt troubles, the growth in the credit using proportion of low income consumers has been small since the 1960s. As was the case in the past, the bulk of outstanding consumer credit is currently owed by those with higher incomes.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/usappblog/
Additional Information:	© 2015 The Authors, USApp – American Politics and Policy Blog, The London School of Economics and Political Science.
Divisions:	LSE
Subjects:	J Political Science > JK Political institutions (United States)
Date Deposited:	24 Apr 2015 13:28
Last Modified:	11 Dec 2024 14:14
URI:	http://eprints.lse.ac.uk/id/eprint/61706

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