Number of the Day

Why Credit Card Debt Is Shrinking, By the Numbers

Despite a recession and high unemployment, Americans have been paying off their credit cards. But can it last?

Marker Editors
Marker
Published in
Aug 7, 2020

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A cash register and hands holding credit cards with the text: “Number of the Day: $100,000,000,000”
Photo illustration, source: Image Source/Getty Images

$100 billion: That’s the amount that U.S. credit card debt fell from February to June. Yes, you read that right: In the throes of a…

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