The Cost of Convenience: Why One in Four Credit Card Holders Carry Debt Despite Having Cash
Knowledge Snapshot About 23% of credit card customers in the study were classified as “co-holders,” meaning they maintained liquid assets while carrying interest-bearing credit card debt. The study was conducted by Rafael M. Batista of the University of Chicago Booth School of Business, Ella Mao of Stanford Graduate School of Business, and Abigail B. Sussman […]