SURVEY: Middle-Income Americans’ Credit Card Usage, Debt on Rise
The survey found that families say they are increasingly racking up credit card balances and debt.
- The survey found that families say they are increasingly racking up credit card balances and debt.
- More than a third (36%) of respondents used their credit card more in the past year, up five percentage points compared to the June 2022 survey.
- Similarly, a third (33%) noted their credit card debt increased over the past year, up four percentage points in the same time frame.
- Middle-Income Financial Security Monitor
Many find credit card debt difficult to manage.