https://www.federalreserve.gov/releases/g19/current/
Data set here, I think you nailed it with inflation being the reason. Seeing the same thing in business, I'm a controller for a produce company. Basic economic concept "time value of money" says you should use credit where possible and doubly so in an inflationary cycle.
https://www.federalreserve.gov/releases/g19/current/ Data set here, I think you nailed it with inflation being the reason. Seeing the same thing in business, I'm a controller for a produce company. Basic economic concept "time value of money" says you should use credit where possible and doubly so in an inflationary cycle.