After a couple years of austerity, we’re again racking up credit card debt at an alarming clip.
According to a new study from CardHub.com, we’re on track to increase our collective credit card debt by $54 billion in 2011. We added only $9 billion in new credit card debt in 2010, and actually reduced our credit card debt in 2009 — so this is a significant reversal. All told, Americans now have roughly $772 billion in outstanding credit card balances.
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