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New data shows that U.S. credit card debt hit a record high in the second quarter of the year increasing by 4.6 percent from the previous quarter to stand at $1.03 trillion.
The rise reflects several factors including rising consumer confidence amid cooling inflation. But could there be more difficult days ahead for some borrowers in a high interest rate environment.
Karina Mitchell reports.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466