Comment on Credit Card Debt Cut: The Reason May Surprise You : NPR

Credit Card Debt Cut: The Reason May Surprise You : NPR

A new study showing that Americans lost nearly 40 percent of their wealth in the Great Recession turned up another notable result: credit card debt also fell sharply — the median family's balance tumbled 16 percent. But it's not just because people rushed to pay off their plastic.

 

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