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credit card debt

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Over a third of Americans had more credit card debt than savings, a new record

Per CNBC Over a third of Americans reportedly had more credit card debt than savings. To be specific, 36% of them reportedly had less money saved than their debts, per a new report. The data comes from the New York Fed's Quarterly Report on Household Debt and Credit

To cover a $1,000 emergency expense, 25% of people would run into credit card debt, an all-time-high since 2014

Per Bankrate A recent study from Bankrate found that credit card dependency reached an all-time high of 25% of over a thousand participants in the US. The survey found that a quarter of participants would result in credit card debt for a $1,000 emergency expense. The survey polled over