Saturday, November 7, 2026 9:58PM
Here’s an ABC7 I-Team quick tip on a credit card crisis. New data from “Money Management International” shows the average credit card debt is rising.
CHICAGO (WLS) — Is the cost of living crushing your budget?
New data from the debt management nonprofit”Money Management International” shows the average credit card debt is now more than $40,000.
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Gen Z is now its fastest-growing group seeking help because inflation is outpacing wages.
Experts say many consumers are using personal loans to pay off credit cards, then charging those cards right back up.
To tackle debt, pay off the card with the highest interest rate first, and call credit card companies to…