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a new cancer is spreading through America it doesnt harm the body but it cripples lives and livelihoods Im talking about the cancer of debt look at this headline U.S credit card debt now totals nearly one trillion dollars American households are in distress they have put almost a trillion dollars on credit cards which is a record an all-time high how much credit card debt do Americans owe a whopping 986 billion dollars thats an increase of 130 billion dollars from last year whats the average debt of a household around six thousand five hundred dollars this is what Americans owe to credit companies how many are affected at the end of 2022 more than 18 million borrowers were behind on their credit card bills which is an alarming number credit card debt is the worst form of borrowing it attracts a high interest rate in the case of the U.S around 20 on average which is a very high number and the latest figures show that Americans are caught in a debt trap the question is why why are A
