Getty Images
Credit card debt has reached alarming levels nationwide. Right now, one in five credit card users are maxed out, a stark indicator of the widespread financial strain. Payment delinquencies are also on the rise, signaling that an increasing number of cardholders are struggling to meet even minimum payment requirements. Perhaps most concerning, though, is the total amount of credit card debt nationwide, which surged to $1.14 trillion in the second quarter of 2024.
These trends are not merely statistics; they represent…
