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Credit Card Debt Jumps 15%, Highest, Fastest In 2 Decades

View Source | November 16, 2022 10:56 am

  • As day-to-day expenses continue to rise, most Americans are taking on more debt.
  • Overall, credit card balances jumped 15% in the third quarter of 2022, notching the largest year-over-year increase in more than 20 years.
  • How much money you need to earn to cover expenses and save for the future comes down to understanding your net worth, experts say.
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