Spending is ticking back up – and the results are starting to show up on our monthly statements.
In fact, 42% of those with credit card debt, or 59 million Americans, say they have added to their balances since the beginning of the pandemic, according to a new study by personal finance site Bankrate.com.
“Things are better for some, but they are not better for everybody,” explains Ted Rossman, Bankrate’s senior industry analyst.
The end of stimulus checks, expanded unemployment benefits and the eviction moratorium does not bode well for debt management, Rossman added.
