Credit Card Debt Usually Begins Early for Americans

Credit card debt is the norm for a majority of Americans. But you already knew that, didn't you?

A recent study conducted by the Federal Reserve Bank of Boston and cited by Bloomberg Business paints the picture. About 35% of Americans ages 25 to 50 pay off their credit card debt every month, but most of credit card debt resides with people called "revolvers," or Americans who pay interest on their debt from carrying a monthly balance, reports Bloomberg. As of December, consumers owed a total...

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