Credit Card and Debt Statistics Database
by Scott Bilker |
Payments and Disposable Income |
When rates fall, the cost of servicing debt should fall, too. Yet the Federal Reserve says that household debt-service payments were more than 14% of disposable income in the first quarter, near the highest level in 22 years. |
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Categories: |
Debt,Ratios |
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Reporting Pub: |
NEWS ANALYSIS |
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Reporting Date: |
8/3/2002 |
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Article
Title: |
Consumer Credit: Is a Crunch Coming? |
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Article
Author: |
By Peter Coy and Heather Timmons in New York, with Brian Grow in Atlanta, David Welch in Detroit, and Mike McNamee in Washington |
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Pub's Source: |
Business Week Online |
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Source
URL: |
View details from source |
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