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Americans are piling up credit card debt to cope with inflation
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Beverly Harzog - Credit Card Expert and Consumer Finance
WebJan 24, 2024 · A new report from CreditCards.com released Monday shows nearly 3 out of 4 (72%) credit card debtors added to their balances over the past year. Nearly half (48%) took on additional debt due to rising costs, while 34% saw their balances jump due to rising interest rates. Twenty-four percent reported having a disruption in household income. WebMichael Fox’s Post Michael Fox Vice President at KOHO Financial 1y Report this post Report Report. Back Submit. Oleg Vakhromov, CFA, CAMS ... Web5 hours ago · Business ‘Absolutely insane’: Young couple’s shocking story of being nearly $1.5 million in debt goes viral. A radio host and financial advisor was stunned after a young woman called in ... robert e thompson md