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American retirees carry $7,484 in credit card debt even though income and expenses are predictable. Here's why that's a problem.
Still paying on your credit card out of habit? Think twice before you do it again.
Nearly 93% of retirement-age Americans carry credit card debt. Tapping into your retirement account is likely to compound your problems. Tackling credit card debt may begin with speaking to your ...
Credit card debt is the most common type of debt carried by older adults. High-interest debt means spending more of your budget on servicing the debt than building your future. Significant credit card ...
Following years of heightened inflation that has pushed costs up, retirees are increasingly turning to their credit cards – carrying balances at much higher rates than in the past. This year, 68 ...
An estimated 46% of U.S. households have credit card debt, according to the 2022 Survey of Consumer Finances. The average household owes $7,226 in credit card debt and pays an average of $181 a month ...
Retirees are increasingly rethinking their financial strategies and lifestyles as the traditional perceptions of retirement evolve, according to research from Nationwide. Drawing from its ninth annual ...
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Clark Howard calls credit card debt an emergency for Americans
Quick Read Credit card interest rates reached nearly 21% as of Q3 2025. Paying off 21% debt delivers a guaranteed 21% return ...
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