This financial tool is the most stressful form of consumer debt

Americans have seen a lot of water go under the bridge in the last two and a half years.

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

With all eyes on the health sector, the economy, and the geopolitical scene, it appears that American consumers have at least one eye averted when it comes to credit card spending.

A new study from 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 card holders with no credit card debt “could soon find themselves behind in card payments,” the study noted.

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