Research Shows We're Digging Ourselves Back Into Debt

a woman walks past dollar signs - americans going back into debt
a woman walks past dollar signs - americans going back into debt

Uh-oh, America; looks like we're sliding back into our spendthrift ways again, even though many of us are still struggling to pay our bills. The allure of living beyond our means led us to increase our collective amount of credit card debt by $6.5 billion in the last quarter. We're erasing the gains we made by chipping away at our debt, and we're even erasing the "gains" we made when banks' wrote off billions of dollars in uncollectible credit card bills.