Average credit card balances jump 10% to a record $6,360, and more consumers fall behind on payments
Publishing timestamp: 2024-02-08 11:54:37
Summary
The average credit card balance and total credit card debt in the US have reached all-time highs. More borrowers are struggling with their payments, leading to increased delinquency rates. While there are negative implications, there are also tips provided for managing credit card debt.
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Keywords: credit card debt, millennials, investment strategy, transunion, business news, interest rates, personal finance, personal debt, credit card debt refinancing, personal loans, inflation,