Is Anything Going To Stop The Decline Of Consumer Credit Card Usage?

We mentioned the fall in revolving consumer credit (credit cards) earlier, but this chart really drives home the point. There’s no bottoming happening at all (yet) The question is: Will anything actually turn this around?

chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.