Even before Christmas, Americans went on a spending spree, adding a record $21.9 billion in credit card debt in just three months from July through September.
Then we each charged $1,000 more in holiday spending, according to consumer financial-education website Magnify Money, and are starting 2017 with more debt than some can ever pay.
During the national recession, people cut spending, started saving and paid down their credit cards.
Now they are charging again. According to financial-trend and product-review website Value Penguin:
The average U.S. household has $5,700 in credit card debt. That average includes people who have no credit card debt or no credit card.
For those households that dont pay their balance each month, the averag…
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