A worrying sign about how inflation is hitting consumers: People are piling way more debt onto their credit cards, including Discover's, which is boosting earnings but also could worsen future losses in a bad recession.

Autor:	Daniels, Steve
Předmět:	CONSUMERS CREDIT cards DEBT FINANCIAL stress CONSUMPTION (Economics) LOAN loss reserves
Zdroj:	Crain's Chicago Business; 12/5/2022, Vol. 45 Issue 48, p16-16, 1p
Abstrakt:	But more than 100% of that decline is due to higher reserves for future loan losses as Discover prepares for a possible recession and allocates for normal losses tied to the extraordinary loan growth. Capital One, which lends to higher-risk consumers than Discover, had suffered a 30% decline. [Extracted from the article]
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