The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers In 2023, the U.S. economy leaned heavily on consumer spending. Now, record-breaking credit card debt combined with soaring interest rates has catapulted delinquencies to new heights, signaling a burgeoning crisis in credit card debt. As these financial pressures mount, an increasing number of Americans are desperately seeking solutions. Data from Money Management International (MMI), a nonprofit credit counseling agency, reveals a significant spike in individuals seeking debt counseling post-holidays in January. This trend shows the urgent need to address and mitigate the growing credit card debt crisis. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Surges to August Highs as Bullish Trend Resumes READ MORE Fed's Schmid Advocates Caution as Inflation Nears Target READ MORE Should I Buy Gold and Silver Coins or Rounds? READ MORE Consumer Prices Cool Further: June Marks First Monthly CPI Drop Since 2020 READ MORE A Pivotal Week for Stock Markets: Earnings, Fed Decisions, and Job Reports READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment