Covid-19 has triggered unprecedented financial challenges for many individuals and families. Now, a survey shows exactly where many of them are feeling the pinch – their consolidate credit card debt balances. Bankrate.com finds that 42% of American adults with credit card debt have increased these balances since the start of
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While total credit card balances have declined significantly during the COVID-19 pandemic, this overall improvement masks some significant challenges at the household level. Many tenants are caught in the crosshairs, and the situation could worsen following the August 26 Supreme Court ruling that struck down the CDC’s moratorium on evictions.