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Kiplinger
Kiplinger
Business
Seychelle Thomas

THE TRUTH ABOUT: Credit card use spikes for cash strapped consumers - The Untold Story

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

Consumers are increasingly relying on credit cards, racking up debt they can't pay off, according to a new survey from Quicken Inc. that looks at consumer behaviors and sentiments surrounding credit card debt. 

According to the survey, 35% of Americans won’t be able to pay off their balances by the end of the year and high-earners (with annual incomes of at least $150,000) aren’t exempt. 

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