Disposable income is growing faster than credit card debt.
🔴 Disposable income growth = +5.4% YoY
🔵 Credit card + other revolver growth = +5.1% YoY
I don't know what's in the "other revolving plans" aspect of the credit card data. I've seen other sources for credit card "only" show growth of +4.8% YoY.
Either way, PDI growth > credit card growth.
Pass it on.
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