Credit Card Debt Rises As Consumers Face Higher Costs Of Living

2024-07-09 10,338 Dailymotion

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U.S. consumers are certainly pulling out their credit cards to pay for goods and services, federal data has shown. The total outstanding credit card balance rose $11.3 billion to nearly $5.07 trillion in May, beating April’s jump by $4.8 billion, according to data released by the Federal Reserve on Monday.