Americans are piling up credit card debt – and that can be costly

> The average credit card user was carrying a balance of $5,474 last fall, according to TransUnion, up 13% from 2021.

> That marks a reversal from the first year of the pandemic, when many Americans were able to pay down credit card debt, thanks to generous government relief payments and limited spending on travel and entertainment.
 https://www.npr.org/2023/01/11/1148122555/credit-card-debt-inflation-interest-rate-payments-federal-reserve #US #economy #householddebt #debt #creditcards

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