Record Credit Card Debt and Rising Interest Rates: What You Need to Know
The latest report from TransUnion showed that Americans racked up a record $930.6 billion in credit card debt in the fourth quarter of 2022, a whopping 18.5% increase from the same period one year ago.[0] This surge in debt was accompanied by a rise in the average credit card balance, which now stands at $5,805.[1] […]
Continue reading