New York Consumer Law Blog

Monday, February 17, 2020

1 in 3 consumers fear they will max out a credit card

More than one-third, or 37%, also said they have already maxed out their credit card and 14% said they have maxed it out more than once. WalletHub polled more than 700 people in January.

Still, most Americans continue to take on ever-increasing amounts of debt. According to data from the Federal Reserve, the U.S. surpassed $1 trillion in credit card debt — the highest level since the Great Recession.

https://www.cnbc.com/2020/02/10/1-in-3-consumers-fear-they-will-max-out-a-credit-card.html



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