As inflation spiked over the last two years, almost half of Americans have taken to relying more on credit cards to make ends meet.
A survey of 1,000 U.S. adults conducted by consumer website Debt.com finds 45% of Americans have been pushed by inflation to use their credit cards far more frequently.
In the last two years, inflation has taken a toll on consumers. Even as inflation shows signs of slowing down, and the Federal Reserve has pressed the pause button on its inflation-combatting interest rate hikes, the effects still loom large on personal finances.
According to the survey, half of Americans are carrying a higher credit card balance now due to inflation, and more than 30% have maxed out their credit cards sometime over the past …
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