More People Are Turning To Credit Cards & Loans To Pay Bills

Inflation is 3 times higher this year. Americans in dire financial circumstances are swiping credit cards more frequently compared to last year. But they continue to hold back from dipping into savings and retirement accounts relative to last year.

Some 13% of U.S. households found it very difficult to pay for their usual expenses from March 30 to April 10, according to data from the Census Bureau’s Household Pulse Survey. Within that cohort, 44% of respondents said they’re using credit cards or loans to meet needs, while 34% said they’re using money from savings or retirement accounts. Click Here To Read More.

Source: Yahoo