According to the Federal Reserve of the United States, in the second quarter of 2024, American credit card debt reached … literacy affect credit card debt repayment? Also, how could financial literacy and education stop the rise in credit card debt …. We aim to capture the likelihood of credit card repayment behaviors related to the monthly balances owed by 3865 credit …

highlights the critical role credit card financing plays for small business activity. We examine a two year period beginning in … January of 2021. A turbulent period during which, credit card usage by small U.S. businesses nearly doubled, interest payments … rose by 60%, and delinquencies reached 2.8%. We find, first, monthly credit card payments were up to three times higher …