Nilson Report

Issue 1153 | May 2019


Companies featured in this issue include:

Top Acquirers in Europe Ranked by Purchase Transactions

Investments & Acquisitions—April 2019

U.S. Credit Card Debt 1988-2018

Top 20 General Purpose Card Acquirers in Europe

Largest Merchant Acquirers in Europe 2018—Ranked by Visa/Mastercard Transactions

Top 20 Acquirers of Web Transactions in Europe

Investments & Acquisitions—April 2019

In April 2019 there were 62 mergers, acquisitions, IPOs, private placements, and other investments in 20 countries. Turn to page 4 to see all 62 deals.

1. Epsilon (United States)
Acquired by Publicis, $4.40 billion
2. Network International (Dubai)
IPO, $1.40 billion
3. Wirecard (Germany)
Bonds purchased by Softbank, $1.00 billion

Full access to the Investments & Acquisitions—April 2019 study is available when you subscribe to The Nilson Report.



Credit Card Debt per Household Reaches Another High

Please note: Only subscribers can access the charts included with this article.

Credit card debt of $1.124 trillion at year-end 2018 was the total of outstanding receivables tied to Visa, Mastercard, American Express, and Discover commercial and consumer card products combined with all private label (store, gasoline, medical, etc.) card products. Credit card debt shown in this article was compiled by The Nilson Report from its surveys of financial institutions and private label lenders.

The number of U.S. households, a statistic provided by the United States Census Bureau, was 127.6 million for 2018. Credit card debt per U.S. household was $8,811 at the end of 2018, an increase of 4.7% from $8,414 in 2017. 

Ten years earlier, at the end of 2009, when there were 117.2 million U.S. households, credit card debt per household was $7,560. Married couples accounted for 48.0% of the households in 2018 compared to 50.5% in 2009. 

Total U.S. household debt was $15.628 trillion at year-end 2018, an increase of 3.1% over 2017. Credit card debt accounted for 7.19% of household debt, up from 7.01% in 2017. The ratio of credit card debt to household debt was highest in 1996 at 9.87%. 

Credit card debt is a subset of total consumer credit, which was $4.018 trillion at year-end 2018, an increase of 4.9% from 2017. 

Total consumer credit is a combination of closed and open-ended installment and noninstallment unsecured personal loans. 

Consumer credit equaled 25.71% of household debt at year-end 2018, up from 25.27% in 2017. 

Credit card debt accounted for 27.98% of total consumer credit at year-end 2018, up from 27.72% the prior year. The ratio of credit card debt to consumer credit was highest in 1997 at 40.95%. 

Debt per U.S. household at year-end 2018 averaged $122,488, an increase of 2.0% from $120,094 in 2017. Consumer credit per household was $31,492 in 2018, an increase of 3.8% from $30,352 in 2017. Debt per U.S. household does not include government debt at the state, local, or federal level. 

Total household debt, total consumer credit, and home mortgage debt are reported in the Federal Reserve Statistical Release, Z.1, Financial Accounts of the United States, Flow of Funds, Balance Sheets, and Integrated Macroeconomic Accounts, Table D.3, Debt Outstanding by Sector. 

The Federal Reserve Statistical Release does not count mortgage debt and low-value bank loans as consumer credit. Total household debt does include consumer credit added to mortgage debt and low-value bank loans. Automobile leases and rent payments are not counted by the Federal Reserve as consumer credit. Mortgage debt and select other loans of $11.610 trillion at year-end 2018 increased 2.5% over 2017. 

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