More Americans are relying on credit cards to buy groceries, new study finds
A significant increase in grocery expenses over the past five years has led to a worrying trend: over a quarter of working-age Americans are now using credit cards to manage their food bills, resulting in a 32% rise in credit card debt specifically for groceries. This shift highlights the growing financial strain on middle-income families as everyday essentials become more expensive. It underscores broader economic challenges and the increasing reliance on credit, which could have long-term implications for consumer debt levels and financial stability.
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