Credit Card Debt
Thirty-nine percent of adults surveyed report their household carries credit card debt from month to month, compared to 35 percent in 2016, according to the news release. Sixteen percent of adults said they carried over $2,500 or more in credit card debt each month, compared to 14 percent in 2016.
“Interest rate increases related to the recent Federal Reserve announcement will likely add to the cost of carrying credit card debt, which could increase financial pressures on families who are unable to find extra room in their budget to offset the impact of these changes,” the NCFF reports.