Inside Money Today

Lendinero's blog on Growing Your Business

Credit Card Addiction in the U.S. is Larger Than Ever

Credit Card Addiction in the U.S. is Larger Than Ever

By: deBanked

Special Content

Of all the addictions Americans could have, credit card debt is one which is measurable monetarily. And as of December 2015, it was $936 billion.

A recent study by the Federal Reserve of Boston revealed that a majority of Americans roll over their debt paying high amounts of interest. Americans racked up $103 billion in debt since April 2011, still less than the $1.02 trillion owed in 2008, Bloomberg reported.

READ MORE

Twitter: @debanked

© 2015 Lendinero

Show Buttons
Hide Buttons