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Revolving balances are stacking up. New findings reveal what’s behind the spike and how to regain control.
Millions of American families are at risk from everyday borrowing, according to a recent analysis of credit card debt. The study, by Mayowa Akinwande and colleagues, published in Computer Science & Information Technology, looks at how rising consumption and debt levels impact individuals and the broader U.S. economy. Their research indicates what’s driving record-high credit card balances and…
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