Discussion Paper
Credit Card Profitability
Abstract: Credit cards are one of the most ubiquitous consumer financial products in the United States, with more than 75 percent of households owning at least one general purpose credit card in 2019. According to the G.19 Consumer Credit Statistical release, revolving consumer credit, which mainly consists of credit cards and related plans, stood at over one trillion dollars at the end of 2021.
https://doi.org/10.17016/2380-7172.3100
Access Documents
File(s): File format is text/html https://www.federalreserve.gov/econres/notes/feds-notes/credit-card-profitability-20220909.html
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2022-09-09
Number: 2022-09-09