I know this might just reflect financial culture differences across countries, but let’s give it a try

Edit: as a clarification, I meant credit card compared to debit, not to cash

  • JackbyDevEnglish
    1·
    1 year ago

    The report, which was published by researchers at the Becker Friedman Institute for Economics at the University of Chicago, found that borrowers who paused their debt payments “sharply increased mortgage, auto and credit card borrowing,” compared to those who continued paying their loans.