US credit card debt has hit a record high as consumers face financial stress brought about by the pandemic and inflation. As prices continue to rise, more Americans are turning to credit cards to finance their daily expenses. However, many are finding it difficult to keep up with their payments, leading to a surge in...

According to a recent report by TransUnion, credit card debt in the U.S. reached a staggering $930.6 billion, a record high and an 18.5% increase from the previous year. This rise in debt can be attributed to a combination of inflation and increasing interest rates, which are currently hovering around 20%. With the cost of...