Nov 6, 2019

Americans are getting smarter about credit cards

Dion Rabouin, author of Markets

Photo: Spencer Platt/Getty Images

U.S. consumers are getting more responsible with credit cards, data shows. Though Americans increased spending in the second quarter, they are opening fewer new accounts and fewer people with bad credit are getting credit cards.

The big picture: The American Bankers Association's November report also found that the number of credit card holders who pay off their balance in full rose to 31.1% in Q2, the highest level since ABA began keeping track in 2008.

  • The share of credit card holders carrying a monthly balance fell to 43.2%, the lowest level in two years.

Go deeper: Delinquencies spike with record-high credit card interest rates

Go deeper

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Lessons from the lockdown — and what comes next

Illustration: Eniola Odetunde/Axios

We are nowhere near finished with the coronavirus, but the next phases of our response will — if we do it right — be more targeted and risk-based than the sweeping national lockdown we’re now emerging from.

Why it matters: Our experience battling this new virus has taught us a lot about what does and doesn’t work. We’ll have to apply those lessons rigorously, and keep adapting, if we have any hope of containing the virus and limiting the number of deaths from here on out.

Updated 23 mins ago - Politics & Policy

George Floyd protests: Unrest continues for 6th night across U.S.

A protest near the White House on Sunday night. Photo: Alex Wong/Getty Images

Most external lights at the White House were turned off late Sunday as the D.C. National Guard was deployed and authorities fired tear gas at hundreds of protesters nearby, per the New York Times.

What's happening: It's one of several tense, late-night standoffs between law enforcement and demonstrators in the United States over the death of George Floyd and other police-related killings of black people.

Updated 24 mins ago - Politics & Policy

Coronavirus dashboard

Photo Illustration: Sarah Grillo/Axios. Photos: Noam Galai, Jamie McCarthy, Josep Lago/AFP, Alfredo Estrella/AFP, and Narayan Maharjan/NurPhoto, all via Getty Images

  1. Global: Total confirmed cases as of 5 a.m. ET: 6,181,781 — Total deaths: 372,136— Total recoveries — 2,646,874Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 1,790,191 — Total deaths: 104,383— Total recoveries: 444,758 — Total tested: 16,936,891Map.
  3. Public health: Black Americans' competing crisesCoronavirus looms over George Floyd protests across the country.
  4. 2020: AIPAC conference in March 2021 canceled.
  5. Economy: What U.S. workplaces may look like next — Both part of America's unfinished businessFuture of mobility in post-pandemic world.
  6. World: Former FDA commissioner says "this is not the time" to cut ties with WHO — White House sends 2 million doses of hydroxychloroquine to Brazil, 1,000 ventilators to come.