Nearly Half of Credit Card Holders Worried About Repaying Soaring Debt as Interest Rates Rise
- 46% of Americans with credit cards are concerned about paying back debt
- Americans owe $1 trillion in credit card debt; increased $45B Apr-Jun
- 28% are "very concerned"; 36% "not at all concerned" about repaying
- 39% think their debt will increase over Christmas/New Year
- Inflation causing financial pressure; higher interest rates adding difficulty