1 in 4 Americans who carry credit card balances currently owe $10,000 or more in credit card debt
Among Americans with a credit card who do not pay their bills in full, over 2 in 5 (41%) have delayed or canceled major purchases due to financial strain or credit card debt, according to new Empower research. More than half (52%) agree that rising costs and inflation have made it harder to keep up with payments.