How much do you owe on your credit card and can you pay it off?
Mary Perez/The Sun Herald (Gulfport, Mississippi)
22 January 2017
Even before Christmas, Americans went on a spending spree, adding a record $21.9 billion in credit card debt in just three months from July through September.
Then we each charged $1,000 more in holiday spending, according to consumer financial-education website Magnify Money, and are starting 2017 with more debt than some can ever pay.
During the national recession, people cut spending, started saving and paid down their credit cards.