Of those planning to use additional credit in March, almost half were using it because they have to to meet their everyday needs. That, to me, says there is a large group of people right on the edge, having trouble ... and when interest rates go up, that will really pinch them.
There's a significant portion of people out there not sure on a day-to-day basis where they stand. That affects consumer confidence and affects consumers' desire to take on more credit.