ICLE on the 'Reverse Robin Hood' Effect - International Center for Law & Economics

ICLE on the ‘Reverse Robin Hood’ Effect

Washington Examiner – The International Center for Law & Economics (ICLE) was cited by the Washington Examiner in an op-ed about potential credit card regulations. You can read the full piece here.

An International Center for Law & Economics study rejected the idea of a “reverse Robin Hood” effect. The ICLE reports that “86% of credit cardholders have active rewards cards, including 77% of cardholders with a household income of less than $50,000.” It is entirely wrong to argue that one must be rich to have a rewards credit card.