The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers In 2023, the U.S. economy leaned heavily on consumer spending. Now, record-breaking credit card debt combined with soaring interest rates has catapulted delinquencies to new heights, signaling a burgeoning crisis in credit card debt. As these financial pressures mount, an increasing number of Americans are desperately seeking solutions. Data from Money Management International (MMI), a nonprofit credit counseling agency, reveals a significant spike in individuals seeking debt counseling post-holidays in January. This trend shows the urgent need to address and mitigate the growing credit card debt crisis. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’ READ MORE The Fed is meeting today. Here’s what experts are saying about the odds of a rate cut. READ MORE Why I Took Physical Delivery of My Tesla Stock Certificates READ MORE Gold Retreats from All-Time Highs as Traders Eye UpcomingU.S. Inflation Data READ MORE Fed’s Inflation Target Faces Heat from LiberalsSeeking Economic Reform READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
