Card lenders across the country reported a notable increase in their credit card balances for the second quarter of the year, as growing optimism about the economic outlook led to continued growth in discretionary spending. While there has been a steady increase in card usage over the last couple of years, the seasonal nature of the industry resulted in a reduction in total outstanding card balances for Q1. The trend reversed in Q2, with data compiled by the Federal Reserve showing that U.S. com...
Card lenders across the country reported a notable increase in their credit card balances for the second quarter of the year, as growing optimism about the economic outlook led to continued growth in discretionary spending. While there has been a steady increase in card usage over the last couple of years, the seasonal nature of the industry resulted in a reduction in total outstanding card balances for Q1. The trend reversed in Q2, with data compiled by the Federal Reserve showing that U.S. com...
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