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

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

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

Please follow us:
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This post was originally published here