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Americans' credit card debt has surpassed one trillion dollars, marking a 60% increase over the past five years. Rising interest rates are exacerbating the situation, resulting in higher rates of credit card delinquencies.
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Americans' credit card debt has surpassed one trillion dollars, marking a 60% increase over the past five years. Rising interest rates are exacerbating the situation, resulting in higher rates of credit card delinquencies.
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Credit card debt surges in U.S. as high interest rates make it harder to pay off
U.S. Credit Card Debt Exceeds One Trillion Dollars Amid Rising Interest Rates