Credit Card Debt Has Reached an All-Time High. Here's How to Get Yours Under Control
It's no secret that Americans seem to have a collective tendency to charge up a storm. But new data tells us that U.S. credit card debt has reached a record high of $1.0217 trillion, or so says the Federal Reserve.
Not only that, but as of late 2016, the average American household was carrying roughly $16,000 in credit card debt. Given that 57% of Americans have less than $1,000 in savings, that number makes sense -- but it points to a worrisome trend nonetheless.
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Source: Fool.com