Americans are getting themselves back into debt
CNN
America's love of debt-fueled spending is making a comeback.
During the pandemic, some consumer balance sheets started to improve. Flush with additional cash — from wage increases, stimulus payments, loan forbearance or just fewer opportunities for spending — consumers kept their credit card balances in check.
But old spending habits die hard it seems. Some of the latest consumer credit data show that credit card spending and debt levels are once again on the rise.
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