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A substantial proportion of the US survives on credit cards as a supplementary loan market and is just barely making rent and mortgage payments (and often missing debt payments as debts mount), operating right at the edge of catastrophe. All it will take is one little push. https://t.co/IMZAX7x1mQ https://t.co/pCCJRzzm6B
Americans are spending big with credit cards. Here's what that means for the possibility of a recession https://t.co/4epQLnkWms
Credit card debt outweighs the emergency savings of 36% of Americans. Here's what you can do. https://t.co/lYOeMPyq2E
The U.S. economy is facing challenges as a significant portion of households are in credit card debt, with median balances at $2,700. Despite an increase in credit card accounts, delinquency and bankruptcy rates have not surged. Many Americans rely on credit cards for daily expenses, leading to concerns about a potential recession.