Business
Coronavirus: Consumers, flush with stimulus money, shun credit-card debt – The Australian
When unemployment soared at the start of coronavirus lockdowns, credit-card debt and delinquencies were widely expected to surge as struggling households borrowed more to make ends meet.
- ByMatthew DaltonandAnnamaria Andriotis
- Dow Jones
- 7:49PM August 3, 2020
- Comments
When unemployment soared at the start of coronavirus lockdowns, credit-card debt and delinquencies were widely expected to surge as struggling households borrowed more to make ends meet.
Instead, amid the deepest economic crisis since the Great Depression, the opposite happened. Credit-card debt in advanced economies has fallen. Fewer people are late on their credit-card paym…
-
Business14 hours agoWarning! These ASX 200 shares were just downgraded
-
Business12 hours ago2 monthly payers you’ll want to own in 2025 and beyond
-
General23 hours agoTelco Exetel fined $694K after scammers bypass verification processes, access bank accounts
-
General22 hours agoSergio Perez and Valtteri Bottas to return to Formula 1 with Cadillac