4 ms·
Growth rate of the category is a different thing than internal rate of return. Negative CAGR just means that consumers are paying off or otherwise discharging t
by ThrustVectoring 7y ago
Growth rate of the category is a different thing than internal rate of return. Negative CAGR just means that consumers are paying off or otherwise discharging the loan type at a faster rate than they're taking it out. Revolving home equity got a large amount of that wiped out in the 2008 crisis, which happened in the timeframe in question (2005-2018).
- anovikov 7y agoOh God i just missed the point of that particular chart - it was the chart of average interest of each type of load, by growth rate of the total amount outstanding! LOL! Then it's clear.