Inflation, interest rates drive higher credit card debt
Inflation, interest rates drive higher credit card debt
(KTLA) — Rising interest rates coupled with crippling inflation has sent more Americans into debt using credit cards to pay for everyday necessities.
Credit card debt in the U.S. has surged over the past year as more Americans borrow money to keep spending. And with interest rates set to go up again, it might be even harder to break free of that crushing debt.
Swiping plastic has become more…