Credit Card Debt Spikes As Inflation Rises
Consumer credit card debt is picking up quickly compared to last year!
Inflation is making everything more expensive. It’s to the point that I think we’re all wondering how everyone else is affording these increased prices.
Idk if it’s just me, but if these price increases are being caught by our credit cards. This could be the beginning signs of a credit card debt crisis. Especially with the feds increasing interest rates at these dramatic rates to combat inflation.
But what do you think? Are finding yourself using your credit card a lot more lately?