{"id":2014041,"date":"2023-08-28T09:39:02","date_gmt":"2023-08-28T13:39:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-debt-has-reached-a-record-high-in-the-us\/"},"modified":"2023-08-28T09:41:15","modified_gmt":"2023-08-28T13:41:15","slug":"credit-card-debt-has-reached-a-record-high-in-the-us","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-debt-has-reached-a-record-high-in-the-us\/","title":{"rendered":"US credit card debt hits all-time high."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcredit-card-debt-has-reached-a-record-high-in-the-us%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2014041&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"post_content\">\n<h2>Record-Breaking Credit Card Debt: A Growing Concern<\/h2>\n<p>It&#8217;s \u200cofficial:\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-campaign-fundraiser-for-rep-santos-indicted-after-allegedly-impersonating-top-house-aide\/\" title=\"Ex-campaign fundraiser for Rep. Santos indicted for posing as high-ranking House aide.\">credit\u2063 card debt<\/a> has reached an all-time high, soaring to a staggering $1 trillion. This alarming figure can be attributed to the persistently high prices of goods and services, which are\u200c forcing \u200bthe average person to rely more heavily\u200b on their credit cards. Unfortunately, this surge in credit \u200bcard usage often serves as a red\u200c flag, indicating underlying financial difficulties for ordinary consumers, such as\u2062 missed bill payments.<\/p>\n<h3>A Silent Struggle: The Unspoken Burden\u200d of Credit Card Debt<\/h3>\n<p>What&#8217;s even more \u200bconcerning is that\u200d the average American\u2062 tends to keep their\u200c credit card financial \u200dwoes under wraps. Shockingly, two out of five\u200d Americans feel\u200b too embarrassed to\u200c openly \u200bdiscuss their mounting\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nasa-worker-sentenced-to-18-months-in-prison-after-lying-to-govt-for-pandemic-benefits\/\" title=\"NASA worker sentenced to 18 months in prison after lying to govt. for pandemic benefits\">credit card debt<\/a>. A survey conducted \u200cby\u200b Bankrate online, as reported by <a href=\"http:\/\/creditcards.com\/\">creditcards.com<\/a>, revealed that approximately 15 \u2063percent of individuals spend more money than their spouse would approve of, while <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-debt-has-reached-a-record-high-in-the-us\/\" title=\"US credit card debt hits all-time high.\">9 percent secretly carry credit card debt<\/a>. Delinquency rates are also on the rise, with \u206343 percent of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/worrisome-trend-emerges-among-credit-card-holders\/\" title=\"Worrisome Trend Emerges Among Credit Card Holders\">credit card holders<\/a> only making minimum monthly payments. Furthermore, a staggering 54 \u2063percent of people believe \u2063that\u200b a partner&#8217;s debt\u2062 is a valid reason to consider divorce.\u2062 Clearly, credit card debt is a pervasive issue that demands open conversations about personal finance.<\/p>\n<h3>The Vulnerable Demographic: Young Adults and Middle-Aged Individuals<\/h3>\n<p>Among \u200call age groups, those aged 18\u201329\u200d and \u206430\u201339 are at the highest risk of failing to repay\u2064 their credit card debt. Shockingly, one \u2062out of every ten \u2062individuals in possession of\u2063 a credit \u200dcard is already 90 days or more behind on \u2064their payments.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Credit card debt reaches record $1 trillion, as high prices force people to rely on cards. Rising credit usage suggests financial troubles for average consumers, like excessive spending and inability to meet expenses.<\/p>\n","protected":false},"author":2353,"featured_media":2014042,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2014041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2014041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2353"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2014041"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2014041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2014042"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2014041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2014041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2014041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}