Houstonians are carrying more and more credit card debt, a tight spot as interest rates hit record high

Houstonians are piling more purchases on credit cards even as interest rates on that debt are rising to record highs — but several experts say it’s not necessarily a sign of reckless spending. 

“In the past year, median household income has grown just 4 percent, but the overall cost of living has jumped 8 percent,” said Sara Rathner, credit card expert for San Francisco-based personal finance company NerdWallet, on Tuesday. “That’s why we’re seeing consumers struggle to make ends meet and take on credit card debt to do so. It’s a difficult time for people, so I think we need to give ourselves and each other a significantly higher amount of grace.” 

Deja un comentario