The mental toll of being cash-poor and credit-rich is getting worse for middle-class Americans
Briefly

from Fast Company7 months ago
From student loans to sky-high rent, rising interest rates, and increasing prices, millions face financial stress impacting mental well-being. Many resort to credit cards with hidden fees.
Fast Companyhttps://www.fastcompany.com/91138564/the-mental-toll-of-being-cash-poor-and-credit-rich-is-getting-worse-for-middle-class-americans
President Biden's new rule caps credit card late fees at $8, aiming to save families $10 billion yearly from excessive charges. Credit card companies often exploit consumers with high fees.
Fast Companyhttps://www.fastcompany.com/91138564/the-mental-toll-of-being-cash-poor-and-credit-rich-is-getting-worse-for-middle-class-americans
Read at Fast Company
#financial-strain #mental-health-impact #credit-cards #hidden-fees #consumer-protection
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