WalletHub predicts post-pandemic increase in credit card debt

AFTER PAYING DOWN a record $82.1 billion in credit card debt during 2020, consumers are projected to take on $60 billion more in credit card debt this year, according to a study from WalletHub. / COURTESY WALLETHUB
PROVIDENCE – After paying down a record $82.1 billion in credit card debt during 2020, consumers are projected to take on $60 billion more in credit card debt this year, according to a study from WalletHub. WalletHub named the economic reopening post-pandemic as the reason why credit card debt levels will spike again this year.…

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