Inflation is driving up consumer credit card debt by billions of dollars

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…#wallethub #greatrecession #federalreserve #transunion #credit #stlouis #ryanboyle #globalriskmanagement #northerntrust #billadams

Source: Reuters: Health - September 12, 2023 Category: Consumer Health News Source Type: news