Americans are struggling to pay off credit card debt; Tiny Desk Contest's 2024 winner
Nearly 1 in 5 Americans have maxed out their credit card borrowing, according to the Federal Reserve Bank in New York. Tiny Desk Contest crowns its 10th anniversary winner.
by Suzanne Nuyen
May 15, 2024
2 minutes
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Nearly one in five credit card users have maxed out on their borrowing, according to the Federal Reserve Bank of New York. People under 30 and those who live in low-income neighborhoods are more likely to be at or close of rising prices and high interest rates.
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