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Pressure is mounting on credit card users

Grant Yaney and his wife paid down almost all of their credit card debt early in the pandemic, and finally felt as if they were getting ahead financially.
But this year they’ve fallen behind again. T. ....

New York , United States , Little Rock , Zachary Harmon , Dee Chartier , Mary Eschelbach Hansen , Olga Gorbachev , Christian Weller , Federal Reserve Bank , University Of Delaware , American University , University Of Massachusetts Boston , Grant Yaney , American Progress , New York Fed ,

More debt, higher fees: Credit card borrowers face mounting burdens

Credit card debt is rising at its fastest clip in more than 20 years, according to the Federal Reserve Bank of New York. Overall, Americans owe $887 billion on their credit cards. ....

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