Even though credit card debt has reached an all-time high of $1 trillion, we do not believe that the current debt levels are a major cause for concern. In fact, we anticipate that credit quality will surpass expectations in the next 12 months due to the historically low debt burden and the strong economy. Additionally, credit card issuers are well-equipped to handle any increases in funding costs, as they possess the ability to charge record-high interest rates on credit card balances.
Credit Card Issuers: Looking Past the Negative Headlines
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