More Americans Are Stuck With Long-Term Credit-Card Debt
- Some 60% of credit-card debtors owe card debt for year or more
- One in four respondents carry balance to cover daily costs
This article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
More US consumers are saddled with credit-card debts for longer periods of time, according to a survey, struggling to pay down amid high inflation and rising interest rates.