The Impact of Inflation Rears Its Head in US Credit Card Debt



Although the battle against record inflation, not only in the United States, but all across the world, has been the talk of the town for weeks, outside of an obviously higher price for gasoline at the pumps, the impact of a worsening economic outlook still remains mostly hidden from the surface of society.

That is, until one looks at U.S. credit card debt statistics published by the Federal Reserve.