Rising Credit Card Debt as Living Costs Increase 💳
U.S. consumers are relying more on credit cards to cover expenses amid rising living costs, according to federal data. Learn what this means for your finances.
Benzinga
10.8K views • Jul 9, 2024
About this video
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.
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10.8K
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Jul 9, 2024
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