Inflation is driving up consumer credit card debt by billions of dollars
Collection Industry News
SEPTEMBER 2, 2023
A combination of inflation and climbing interest rates seems to be stretching consumers’ balance sheets, but it’s not clear yet whether they’re getting to a breaking point. Newly released data from WalletHub says U.S. consumers took on $43 billion in additional credit card debt during the second quarter of this year, ending in June.
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