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 Gold Nears Record Highs Despite Fed's Hawkish Stance on Rates READ MORE Gold Consolidates as Markets Await Clues on Fed's Next Move READ MORE Currencies Rally Against Dollar as Fed Rate Cut Expectations Grow READ MORE U.S. Labor Market Holds Strong; First Quarter Productivity Sees Minor Dip READ MORE Four Tech Titans Propel Stock Market to New Highs on AI Hopes READ MORE Add a Comment Cancel replyYour email address will not be published.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