Tag: record

  • Card debt climbs to record $1.13 trillion

    Card debt climbs to record $1.13 trillion

    Understanding the Growing Card Debt Crisis The United States is currently facing a significant financial challenge as the country’s card debt has soared to a record $1.13 trillion, surpassing all previously recorded levels. The steady and concerning increase in credit card debt is raising alarms among economists and policymakers alike, as it poses severe risks…