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Why have Americans racked up so much credit card debt?

Por: CBS News Business March 10, 2023

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Americans are sinking into debt after hunkering down and building their financial savings during the The sharp rise in credit card debt has been a long time coming, with Americans increasingly relying on plastic to make purchases. But the increase is largely driven by factors like inflation and high credit card interest rates, experts say.Consumers racked up $180 billion in new credit card debt in 2022, the largest amount of debt ever added in... + full article



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