Credit
Breaking the Chains: The Costly Pitfall of Credit Card Debt and How to Escape It
Despite warnings that credit card debt is the 'biggest threat to building wealth,' a staggering 47% of Americans are trapped in a cycle of carrying month-to-month balances, racking up a record-breaking $1.08 trillion in credit card debt. With interest rates soaring, experts caution that the ease of acquiring this debt poses a significant risk to financial health, emphasizing the need for informed decision-making to transform credit cards from a threat to a valuable tool for achieving long-term financial goals.