“A man places his credit card information into a laptop.”
Photo credit: Getty Images.
“Why credit card debt can be bad for your health”
“Outstanding card debt has now hit its highest point ever, surpassing $1 trillion in 2017, according to the Federal Reserve.
“Yet 86% of Americans who have or had credit card debt said they regret it, according to a recent report by NerdWallet. The main regrets are because it took a long time to pay off, resulting in hefty interest expenses and causing unnecessary stress.
“Nearly 2 in 5 consumers who have had credit card debt said it affected their general happiness, NerdWallet found. One-third said it negatively affected their standard of living, and 1 in 5 said it negatively impacted their health,” by Jessica Dickler, CNBC.