Credit card balances jump 15%, highest jump in more than 20 years, as Americans take on more debt
In an economy that has produced the highest rate of inflation since the early 1980s, Americans are struggling to meet day-to-day expenses. More consumers are now relying on credit cards to get by, which helped propel total credit card debt to $930 billion in the third quarter, just shy of an all-time high, according to …