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Q:Question:economy is slowing. One statistic they monitor is consumer debt, particularly credit card debt. The Federal Reserve conducts surveys of consumer finances every 3 years.
Q:Question:economy is slowing. One statistic they monitor is consumer debt, particularly credit card debt. The Federal Reserve conducts surveys of consumer finances every 3 years. The last survey determined that 23.8% of American households have no credit cards and another 31.2% of the households paid off their most recent credit card bills. The remainder, approximately 50 million households, did not pay their credit card bills in the previous month. A
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