KPIX CBS July 4, 2024
Shows that poorer households do suffer high inflation. These people are feeling it somewhere around 5 to 6 . Reporter thats because most of a low income familys budget goes to necessities, which are still rising, like rent, groceries and electricity. And theres new evidence people are using credit cards to cover the bills. For the first time in the u. S. Credit card debt has surpassed 1 trillion. We polled consumers that carry credit card balances about what was behind that. What caused it . Emergency and unplanned expenses was the top answer. But even everyday expenses, about 1 in 4 a sign of...