Credit Card Use Spikes for Cash-Strapped Consumers
Credit card use amps up as consumers reckon with inflation and higher interest rates; 39% of Americans living paycheck-to-paycheck, study shows. Consumers are increasingly relying on credit cards, racking up debt they can't pay off, according to a new survey from Quicken Inc. that looks at consumer behaviors and sentiments surrounding credit card debt. According to the survey, 35% of Americans won’t be able to pay off their balances by the end of the year and high-earners (with annual incomes of
Source: yahoo.com
