Credit Card Debt Is Up & We’re Not Being So Good About Paying It Off

We’ve been credit carding it up (yep, it’s a verb) lately and as a result, Americans have collected more credit card debt than we had a year ago during the same time period, according to new figures from a credit reporting agency. But while we’re spending more, we’re not being so good at actually paying off that debt — which makes for a particularly unwinning economic combination.

TransUnion says credit card debt in the U.S. between July and September grew 4.9% over last year’s figure, to about $4,996, according to the Associated Press.

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