Really scary statistics. I think a majority of Americans use their credit cards as their rainy day account or their backup plan.
RE: More Than Half Of Americans Have Less Than $1,000 In Savings @senseicat
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More Than Half Of Americans Have Less Than $1,000 In Savings @senseicat
Yes, and the overuse of credit cards perpetuates the cycle of spending plus the accrued interest. Reinforcing the importance of saving is vital to feel secure today as well into the future.
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