“Average consumer now carries $6,329 in credit card debt. ‘People are stretched,’ expert says”

“Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion…”

https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html

I shouldn’t have to say this. Use debt cars only. I guess this nonsense wont stop until people are forced to stop. Live below your means. If you can’t afford it you have to sacrifice. This is something people absolutely hate to do.