Credit card debt is nothing new in the United States. But according to the U.S. Government Accountability Office, the level of credit card debt consumers face has reached record highs. Today, Americans owe more than $1 trillion to credit card companies.
“Many Americans today are faced with weathering increased costs from higher-than-average inflation over the past two years, while living on an income that is just not keeping up with those inflation rates,” says Patrick Yono, founder of Sure Life Financial in Novi, Michigan. “As a result, individuals and families are facing more personal debt than many have ever seen i…
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