Industry News

Appetite for credit card debt grows

70% of low- and middle-income families use plastic as safety net, survey finds
Published on Oct 14, 2005

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by CareyBot

More American families are turning to credit cards as their financial safety net, citing skyrocketing costs, dwindling savings and stagnant wages, according to a report released this week by Demos and the Center for Responsible Lending. The report, “The Plastic ...