Construct · 1 fields · 1 citations

credit card debt puzzle: a standalone construct

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Economics

households carrying high-interest credit card debt while also holding low-yield liquid savings.

In economics, credit card debt puzzle refers to households carrying high-interest credit card debt while also holding low-yield liquid savings. This meaning comes from Gross (2002) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
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Nearby constructs

credit limit sensitivity1 fields · 1 citationsanchor · a standalone construct credit2 fields · 2 citationsjingle · one word, two constructs debt3 fields · 3 citationsjingle · one word, three carriers

References

Gross, D. B., & Souleles, N. S. (2002). Do Liquidity Constraints and Interest Rates Matter for Consumer Behavior? Evidence from Credit Card Data. The Quarterly Journal of Economics, 117(1), 149-185. https://doi.org/10.1162/003355302753399472

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