This Financial Tool is the Most Stressful Form of Consumer Debt

Americans have seen a lot of water flow under the bridge over the past two and a half years.

A global pandemic that led to society-restricting lockdowns. A great land war in Eastern Europe. High inflation and long supply chain delays affecting everything from silicon chips to sand wedges.

With all eyes on the healthcare sector, the economy, and the geopolitical scene, it appears that US consumers have at least kept their eye on the ball when it comes to credit card spending.

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A new study by Anytime Estimate finds that 46% of Americans now have credit card debt, with an average debt load of $6,093. Additionally, 66% of U.S. credit cardholders with no credit card debt “may soon find themselves falling behind with card payments,” the study found.

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