Credit card debt is worse for those with high income

Credit card debt is worse for those with high income

Mark Wragg | Stockbyte | Getty Images

Credit cards are a growing problem for everyone.
Overall, Americans have $830 billion in credit card debt as of the second quarter of 2019, a 6% jump year over year, according to the most recent report from Experian. It is the second-fastest-growing type of debt, after personal loans, Experian found.
The average American now carries a credit card balance of…

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