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Credit Card Survey Exposes Disturbing Trends in Debt and Inflation Impact on Americans

The latest Credit Card Survey from Debt.com reveals how inflation has forced many Americans into debt, with one in three using credit cards as a lifeline. The findings highlight the urgent need for financial education and solutions to address the growing debt crisis, as policymakers propose measures to cap credit card interest rates at 10%.

This news sheds light on the harsh reality faced by many Americans struggling with debt and inflation's financial pressures. It emphasizes the urgent need for awareness, education, and potential solutions to alleviate the burden of high-interest credit card debt. The proposed bipartisan bill to cap credit card interest rates at 10% aims to provide relief to millions trapped in cycles of debt, signaling a potential shift towards a more sustainable financial future.