Americans are piling up credit card debt as they struggle to keep up with the high cost of living
CNN
Americans are piling up credit card debt as they struggle to keep up with the high cost of living.
US household debt surpassed $16 trillion for the first time ever during the second quarter, the New York Federal Reserve said Tuesday.
Even as borrowing costs surge, the NY Fed said credit card balances increased by $46 billion last quarter.
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