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Factors Driving Credit Card Debt Increase in Western U.S.

Understanding the Surge in Credit Card Balances Across the U.S. In the past year, credit card spending has seen a significant uptick, as evidenced by data from Experian. By the end of June 2023, the average credit card balance nationwide had risen to $6,365, marking an 11.7% increase from $5,699 in June 2022. This trend […]