Paying Off Credit-Card Debt May Take More Than a Nudge
One idea for helping consumers avoid debt traps didn’t work in a UK experiment, partly because people didn’t have the funds.
Paying Off Credit-Card Debt May Take More Than a NudgeWhat causes the ebbs and flows of the business cycle? In the first of two videos, Chicago Booth's Amir Sufi argues that one key factor is the financial sector and its willingness to lend. As credit becomes more and more available at the household level, the economy booms—but when household debt becomes unsustainable, it sows the seeds for a bust. For an explanation of how inequality may fuel credit-supply expansions, see part two of this series.
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One idea for helping consumers avoid debt traps didn’t work in a UK experiment, partly because people didn’t have the funds.
Paying Off Credit-Card Debt May Take More Than a NudgeThe agency has signaled increased scrutiny of nonreportable mergers in healthcare.
Is the FTC Targeting ‘Stealth Consolidation’ by Private Equity?Forty percent of commute time savings went back into jobs.
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