User 68127

Credit Card Spending Surges, While Retailers Slump

On the other hand, maybe consumers are charging more on their credit cards because they aren't earning enough to pay for gas and food out of their paychecks, and because no one else will lend to them any more! Should this be extrapolated into greater long term growth by MA? Maybe it is just the last gasp of the dying consumer which would result in large charge-offs by credit card companies and lower transaction growth for MA and V?