Data from Equifax shows that credit card issuance surpassed the pre bust level of 58 million cards issued in 2008 hitting 60 million in 2015. This figure is not only a record but represents a 90% increase over the number of cards issued in 2009 during the depths of the last crisis. As with a lot of things in this world it’s about perspective. Some would view this as another sign of the recovery’s strength and completeness. Others that we have simply set ourselves up for a repeat of 2008-2009 and that this is just another step in that direction.
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