A market research group that specializes in tracking card data said consumers are putting more on their credit cards now than at any time after the start of the economic downturn.
Synovate, the market research arm of Aegis Group plc, frequently tracks and analyzes card data.
"We are being repeatedly reminded that anybody betting against the U.S. consumer ends up on the losing side," said Anuj Shahani, director of competitive tracking services for Synovate's financial services group. "The 'Dr. Dooms' of the world may be underestimating this economy's recovery."
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