Credit card debt climbs to a record $1.29 trillion, New York Fed research finds
Summary
New research from the New York Fed shows that credit card debt has reached a record high of 1.29 trillion dollars. Persistent high prices are placing heavy strain on household budgets, forcing many consumers to rely on credit cards to cover their daily expenses.
As high prices continue to strain household budgets, many consumers have turned to credit cards to help make ends meet.
Source: Read the full story at US Top News and Analysis
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