SaverLife Study Reveals Credit Card Debt on the Rise while Low-Income Members May be Hitting Limits
In a Nutshell: The past year has been challenging for millions of people across the country in a variety of ways due to the COVID-19 pandemic. Health and financial issues are certainly chief among those challenges. SaverLife has been following the economic impacts of the pandemic on its users and observed that credit card debt increased by 5% from 2019 to 2020 for low-income users. Meanwhile, credit card debt increased by 211% for those earning more than $50,000 per year. This data... read more »