Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by lotsofpulp on Friday February 03, 2023 @01:18PM
(#34645465)
Edit to “spending money they do not have for unnecessary purchases at huge interest rates”.
Obviously, certain circumstances can cause someone to need to use credit card debt to shelter/feed themselves and their family. I would be willing to bet the vast majority of credit card interest is not caused by essential needs.
Obviously, certain circumstances can cause someone to need to use credit card debt to shelter/feed themselves and their family. I would be willing to bet the vast majority of credit card interest is not caused by essential needs.