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Kiplinger
Kiplinger
Business
Adam Shell

MYSTERIOUS: Credit card balances hover near record highs - You Need To See This

An illustration of a tired woman sitting on top of a credit card holding a long receipt.

The use of loans and plastic to manage household budgets is at or near record highs.

Account balances on credit cards and personal loans are ballooning as consumers navigate the financial squeeze caused by inflation and higher interest rates, according to TransUnion’s latest quarterly credit report.

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