Does Consumer Sentiment Foretell Revolving Credit Use?

Douglas J. Lamdin. Journal of Family and Economic Issues, Vol.

29, No. 2, June 2008, pp. 279-288.

The rising level of consumer debt in the U.S. is well documented. Revolving credit (credit cards) has experienced this growth, with the level of outstanding revolving credit increasing by over 600% in inflation-adjusted dollars over the past three decades. The goal here is to gauge the extent to which consumer sentiment; namely, the University of Michigan Survey Research Center Index of Consumer Sentiment, has predictive power in explaining the aggregate use of revolving credit using time-series data.

The results generally show that changes in the consumer sentiment measure are related to subsequent changes in revolving credit use. Back to top • Predictors of Chapter 13 Completion Rates: The Role of Socioeconomic Variables and Consumer Debt Type David A. Evans and Jean M.

Lown. Journal of Family and Economic Issues, Vol. 29, No.

2, June 2008, pp. 202-218. This study examined whether ... more.

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