layoffs and job loss

Nowadays credit cards are being used more than ever. In spite of a 41% rise in credit card debt since 2000, today credit card use has increased while the retail sales have decreased. While few people pay with cash or debit cards, this could indicate that credit cards are being used for basic living expenses and other debts, as compared to…

Tagged as: basic living expenses, car repairs, credit burden, credit cards, debt, emergency expenses, gas, increased cost of living, layoffs and job loss, prevailing economic crisis, Recession, rent and utilities, rise in credit card debt, use of credit cards

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