The availability of consumer credit has expanded greatly during the past twenty years in OECD countries. While higher income groups long had access to credit, the proliferation of credit cards has gradually increased access to credit for a wide range of household income groups and in virtually all regions of the United States.This paper searches for empirical and econometric evidence on the impact of greater access to consumer credit on savings, investments, and consumptions across five income groups. While findings in this paper show that easier access to credit could have smoothed the consumption of the low income quintile group and facilitated the welfare of the upper- middle to high-income groups in terms of consumption and investments, excessive expansion in revolving credit decreases the savings rate of almost all income groups, is expected to reduce long-term and sustainable growth, and subsequently lowers the overall living standards of most populations in the U.S.
The availability of consumer credit has expanded greatly during the past twenty years in OECD countries. While higher income groups long had access to credit, the proliferation of credit cards has gradually increased access to credit for a wide range of household income groups and in virtually all regions of the United States.This paper searches for empirical and econometric evidence on the impact of greater access to consumer credit on savings, investments, and consumptions across five income groups. While findings in this paper show that easier access to credit could have smoothed the consumption of the low income quintile group and facilitated the welfare of the upper- middle to high-income groups in terms of consumption and investments, excessive expansion in revolving credit decreases the savings rate of almost all income groups, is expected to reduce long-term and sustainable growth, and subsequently lowers the overall living standards of most populations in the U.S.
The BiblioGov Project is an effort to expand awareness of the public documents and records of the U.S. Government via print publications. In broadening the public understanding of government and its...
The field of consumer credit law has undergone major and fundamental change in the recent past, due in part to the regulation since 1 April 2014 of consumer credit by the Financial Conduct Authority,...
This book critically reviews transnational banking regulations that specifically impact consumer lending in Africa's largest economy. It provides a comprehensive analysis on the politics and...
Discover your next great read at BookLoop, Australiand online bookstore offering a vast selection of titles across various genres and interests. Whether you're curious about what's trending or searching for graphic novels that captivate, thrilling crime and mystery fiction, or exhilarating action and adventure stories, our curated collections have something for every reader. Delve into imaginative fantasy worlds or explore the realms of science fiction that challenge the boundaries of reality. Fans of contemporary narratives will find compelling stories in our contemporary fiction section. Embark on epic journeys with our fantasy and science fiction titles,
Shop Trending Books and New Releases
Explore our new releases for the most recent additions in romance books, fantasy books, graphic novels, crime and mystery books, science fiction books as well as biographies, cookbooks, self help books, tarot cards, fortunetelling and much more. With titles covering current trends, booktok and bookstagram recommendations, and emerging authors, BookLoop remains your go-to local australian bookstore for buying books online across all book genres.
Shop Best Books By Collection
Stay updated with the literary world by browsing our trending books, featuring the latest bestsellers and critically acclaimed works. Explore titles from popular brands like Minecraft, Pokemon, Star Wars, Bluey, Lonely Planet, ABIA award winners, Peppa Pig, and our specialised collection of ADHD books. At BookLoop, we are committed to providing a diverse and enriching reading experience for all.
Sign In
your cart
Your cart is empty
Menu
Search
PRE-SALES
If you have any questions before making a purchase chat with our online operators to get more information.
