American Household Debt Hits Record $16.2 Trillion As Mortgages, Credit Card Spending Swell—Delinquencies Creep Up

American Household Debt Hits Record $16.2 Trillion As Mortgages, Credit Card Spending Swell—Delinquencies Creep Up

Credit card spending posted its biggest quarterly increase in 20 years as high inflation forces consumers to spend more or get less.

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