Americans Can’t Help Themselves From Borrowing More on Credit Cards
The typical American is always carrying credit-card debt.
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Credit cards are an addiction that most Americans never shake.
Through the booms, busts, and recessions of the last 15 years, U.S. credit habits have been remarkably consistent, according to a recent study from the Federal Reserve Bank of Boston. Most people carry over a balance from month to month, the study said, and they eagerly gobble up any additional credit their card-issuers offer.