FXHedge|Feb 01, 2026 21:21
NEARLY THREE-FOURTHS OF CREDIT CARD DEBT IS TIED TO ESSENTIAL COSTS
Nearly three-quarters of the nation’s credit card debt is tied to everyday living expenses, according to a research paper from a regional bank.
Some 73 percent of the $1.21 trillion credit card debt - roughly $883 billion - was racked up to cover emergency or everyday expenses, such as “car repairs, medical bills, home repairs, and routine living costs,” found the new research from Kansas City-headquartered Academy Bank.
Full article:
https://www.msn.com/en-us/money/personalfinance/nearly-three-fourths-of-credit-card-debt-is-tied-to-essential-costs/ar-AA1U4tk2?ocid=msedgntp&pc=HCTS&cvid=697f8d8e3b5b46b1a4174689e5a0fb73&ei=159(FXHedge)
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