The Coronavirus Economy Is a Mixed Bag for Credit-Card Issuers

  • Date: 28-Oct-2020
  • Source: The Wall Street Journal
  • Sector:Economy
  • Country:Middle East
  • Who else needs to know?

The Coronavirus Economy Is a Mixed Bag for Credit-Card Issuers

Consumers are spending money as if the coronavirus recession is over. But they are also paying down old debts and avoiding new ones in case the pandemic lasts a while.

That is the discordant picture of the U.S. economy that emerged from third-quarter earnings reports from some of the country's largest credit-card issuers.



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