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New report explores the extent of revolving in the U.S. credit card market

The analysis shows that about two thirds of actively
used credit card accounts carry a revolving balance. Once consumers begin to
revolve, they do so continuously for about 10 months on average, with
approximately 15 percent revolving continuously for two years or more. The
longer a balance is revolved, the higher the chances that the consumer will
continue to revolve a balance.   

By | 3 July, 2019 | Financial Literacy