The New York Federal reserve reported last week that household debt in America climbed to over $16 trillion in the second quarter for the first time as inflation pushed up housing and auto [.]
With inflation running out of control and higher prices squeezing family budgets, more Americans are turning to credit cards to bridge the gap. That's led to the biggest leap in credit card balances in 20 years.
Sky-high inflation and economic uncertainty have some worried about their future and livelihood, and financial mentors say now is the time to learn how to invest and save wisely.
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