Uneven Credit Burdens
2000s, Middlebury College, Academic Excellence, Alumni, Arts, Language, Culture, Experience, Science & Tech
9/17/2026
New research by Mark Egan ’08 indicates that credit card rewards shift wealth from cash and debit users to those paying with premium credit cards at similar stores. Egan, a business administration professor at Harvard Business School, found low and middle-income consumers subsidize $9.2 billion annually in benefits to credit card users.