This report comprises the first part of a two-part annual series called the Credit Card Databook. Part one of the report examines macroeconomic conditions such as inflation, unemployment rates, and GDP to understand U.S. consumers' financial health better as it relates to credit products. We then look at consumer credit demand, credit risk, and preferences to understand the market better from both the consumer and issuer perspectives. The goal is to provide recommendations to help financial organizations strategize for the U.S.’s current and upcoming credit card market.

Key Questions discussed in this report:

Companies mentioned:

Board of Governors of the Federal Reserve System, New York Fed, Philadelphia Fed, St. Louis Fed, Equifax, Mastercard, Visa, FICO, U.S. Bureau of Labor Statistics, World Bank