The Effects of the COVID-19 Shutdown on the Consumer Credit Card Market: Revolvers versus Transactors
Abstract: The consumer credit card market has experienced dramatic, unprecedented changes in the wake of the COVID-19 shutdown of the U.S. economy. Revolving credit in the G.19 Consumer Credit statistical release fell by an annualized rate of 32 percent in the second quarter of 2020.
Part of Series: FEDS Notes
Publication Date: 2020-10-21