Boston Fed Research: Credit Card APRs Impact Consumer Spending

A research paper by the Federal Reserve Bank of Boston indicates that credit card APRs have a significant impact on consumer spending, with higher rates leading to less spending.

31 Mar, 12:15 — 31 Mar, 12:15

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cnbcMostly Factual93d ago

Credit card APRs have an 'economically meaningful' impact on consumer spending, Boston Fed finds

When credit card rates go up, borrowers spend less on plastic, according to a research paper by the Federal Reserve Bank of Boston.

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Boston Fed Research: Credit Card APRs Impact Consumer Spending

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Credit card APRs have an 'economically meaningful' impact on consumer spending, Boston Fed finds

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