|
This is a good thing. You have to keep in mind that the total debt figures include amounts that the user will pay off in full when their statement cycles.
People actively using charge cards means that commerce is happening. That amount growing probably says more about consumer confidence than impending disaster.
A lot of small businesses charge their credit cards up each month and then pay them off each month before incurring finance charges. This establishes creditworthiness and gives an operating capital buffer.
Access to capital is crucial for business and small business often has easier access to credit card debt than other types.
|