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 LBMA: 2024 Precious Metals Analysts' Forecasts READ MORE US debt could balloon past the point of no return in 20 years. Here’s what it could mean and 3 assets investors can use to hedge, according to a Wharton professor. READ MORE Silver’s 44 Year Cup & Handle “Now, I Believe MID TO HIGH Triple Digits Are Baked in the Cake” READ MORE Dow Falls More than 400 points on Higher Than Anticipated Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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