recent news: Millions of people are not using their credit cards
- 11/30/10 04:22 AM
I read an interesting article this morning on Yahoo! News that pointed to a significant decline in the number of people who are not using credit cards. In fact, currently about 62 million people use credit cards, compared to about 70 million people last year. Although this decline is attributed in part to increase in debit card usage, which in recent years have surpassed credit cards "in both number of transactions and volume," there are other dynamics at play, and that got me thinking. One reason for decline in credit card users is that banks are not extending credit to individuals who appear … (4 comments)
I read an interesting article this morning on Yahoo! News that pointed to a significant decline in the number of people who are not using credit cards. In fact, currently about 62 million people use credit cards, compared to about 70 million people last year.
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