Credit card debt set to hit $1T as inflation continues squeezing Americans
Article Excerpt: "...Americans are drowning in credit card debt as stubborn inflation makes the cost of everyday necessities more expensive. The New York Federal Reserve Bank's Quarterly Report on Household Debt and Credit, slated for release on Tuesday morning, is expected to show that credit card debt soared to a historic $1 trillion..."
Resource: www.foxbusiness.com