Americans' credit card debt hits a record $1 trillion | CNN Business
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

  • Spanguin@lemmy.world
    6·
    1 year ago

    If you treat them like a debit card, there aren’t any of these issues. I have a credit card that I use for all everyday expenses. Every month it’s paid off so it never acrues interest. My credit score is great and the card offers some other benefits too.

    If I lose my job the risk I have would only ever amount to one month of spending, which is easily covered by my emergency fund.