Amy Truab, a senior analyst and report author with The Debt Disparity, has published a story: What Drives Credit Card Debt in America. According to their research, low and middle-income households suffer from debt by way of children and lack of health insurance. Wrap it up with some unemployment and BAM…. You have credit card debt. Well that makes sense...
It was previously believed that irresponsible spending habits were the cause of credit card debt in the U.S. However, the recent report, The Debt Disparity: What Drives Credit Card Debt in America, has shed new light on the issue. The national survey of 1,997 households has revealed that credit card debt accumulates for working age low- and middle-income households due...
When our economy crashed, it was like watching a slow moving train travel from one end to the other, as it affected people over and over. We watched as some lost their jobs, others their houses and less important was the credit we suffered over. Some through up their hands and walked away. Others dug deep and refused to...
