Alarming number of Americans fall deeper into credit card debt each month: survey

As Americans grapple with record-high debt and stubborn inflation, many also struggle with credit card debt. In fact, more than half (61%) of Americans have credit card debt today and they owe an average of $5,875, according to a survey by Clever. And many aren’t just using plastic for luxury. About half of credit card users (48%) turn to their cards to cover essential living expenses such as rent, food and utilities. So