Why Credit Card Debt Is So High Right Now
Briefly

As we put a growing amount of what we buy onto credit cards, financial experts worry that the bill is about to come due.
They used credit card debt to supplement their incomes to maintain their purchasing power, says Mark Zandi, chief economist at Moody's Analytics.
Families who turned to credit cards to fill in budget gaps now have higher interest payments, Zandi says.
Read at time.com
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