Credit cards: use and consumer attitudes, 1970-2000

By T. Durkin. 2000

190 citations recorded by the source corpus.

From modest origins in the 1950s as a convenient way for the relatively well-to-do to settle restaurant and department store purchases without carrying cash, credit cards have become a ubiquitous financial product held by households in all economic strata. Since the late 1960s, much federal legislation has been enacted to ensure that consumers have the protections and information they need to use this widely available form of open-end credit wisely. Nevertheless, concerns persist about whether consumers fully understand the costs and implications of using credit cards and whether credit cards have encouraged widespread overindebtedness. Drawing on information from commercial banks, credit reporting agencies, and surveys of consumers, this article explores these issues as well as changes over the past three decades in consumer impressions of their card-using experiences and of conditions in the marketplace.

Subfields: Accounting, Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/0c2b1d18b4bb0ad9c15b5d70613ec4c3f98d3508

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Citations in the corpus

Exploiting Naïvete about Self-Control in the Credit Market (2010, background): “Our formalization of partial naivete is substantially different from that of Eliaz and Spiegler (2006) and Asheim (2007).”
Household Need for Liquidity and the Credit Card Debt Puzzle (2007, unknown): “V1(st, zt−1, at) = max c1t,b2t,m2t Ezt|zt−1V2(st, zt,m2t, b2t, c1t) (16)”
Utilizing the Theory of Planned Behavior to Understand Convenience Use of Credit Cards (2009, unknown): “On the contrary, Durkin (2000) found that among credit card holders with an outstanding balance of more than $1,500, 57% expressed a negative attitude towards credit cards.”
Effect of Personal Financial Knowledge on College Students’ Credit Card Behavior (2009, background): “Since that time, awareness of APRs has grown considerably (Durkin, 2000; Hogarth Journal of Financial Counseling and Planning Volume 20, Issue 1 200928 & Hilgert, 2002).”
Borrowing Costs and the Demand for Equity over the Life Cycle (2006, unknown): “…factors play a central role in both equity market participation and equity accumulation behavior in our model.1 Bisin and Gottardi (1991) and Dubey et al. (2003) consider models of adverse selection that endogenously generate differences in prices for buyers and sellers of financial assets.”