Global economic recession
Households debts are increasing
People began to give up
using credit card
As a result, check card using rate grow up!
Credit card ↓
check card ↑
However,
By recovering economic depression,
Credit card using rate will be increased
So, many credit card company are planning to execute aggressive marketing to obtain consumers
Hyundai
households
• Expanding to the affluent upper-income group that offers high margins on return
• Opportunity for cross-selling
• High rate of returns due to risk and return payoff
• Become the market leader and corner the market
• Large market: 180 million people • Low per capita income
• Little credit experience and lack of credit bureaus
• Ha
equity wealth, and job market conditions also favor upper-income individuals, who are the primary luxury goods consumers.
- Declining of Exclusivity of Luxury Goods :
In an age of mass affluence with easy access to credit, luxury goods are becoming more affordable. Also, with a 50 percent rise in household income in the last 30 years, Americans have more money to spend on premium goods.
대한 수요는 변함이 없지만 비숙련노동자에 대한 수요 증가는 이들의 임금수준을 상승시키게 되고 따라서 임금 불평등도는 감소하게 될 것이다.
11. From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the supply of high school (no college) graduates shrank. At the same time, the
Late 1997 after the financial crisis due to interlayer polarization in the labor market share decline, the difficult living and low incomes continue to increase. since 2007 the global financial crisis, rising unemployment, income polarization, deterioration of family income, inflation, Household debt and interest burden due to increased sales of credit by various factors, including difficulties i