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US credit card spending drops, users move to BNPL
For some time, the US credit card business has struggled with burgeoning costs and decreasing profitability. Now a range of factors – including rising inflation, a weakening economy and increased... read more
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Millennials in the US ditching credit cards
Data from the Federal Reserve indicates that the percentage of Americans under 35 who hold credit card debt has fallen to its lowest level since 1989, when the Fed began collecting data in a standardized way, according to an analysis by The New York Times. Some older Americans have also been shedding credit card debt [...]
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US credit card market picks up
The US credit card market is showing signs of recovery, with credit cards gradually gaining traction among US consumers. Credit cards accounted for 43.4% in terms of transaction value, a number that is expected to reach 45.4% by the end of 2019. Timetric predicts that the US will have 720.0 million credit cards in circulation [...]
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