Bankers: Plastic staying in people’s pockets - American - TopicsExpress

Bankers: Plastic staying in people’s pockets - American consumers are paying down credit card debt, and making fewer purchases with plastic while taking on business loans and car loans, according to a new report from the American Bankers Association. Credit card debt, especially sub-prime lines, has fallen in each of the last three years, and is down 22 percent compared to 2008, the ABA report says. At the same time, the cost of keeping a credit card continues to fall. ... ow.ly/2Ae2Lz

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