Credit Card Debt Explosion in 2022

Over 233 million credit card accounts have been opened since April 2022, the largest increase since 2008, and we are about to surpass 1 trillion dollars in credit card debt. Here is how you can avoid having to use credit card debt out of necessity.

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LINKS: https://www.cnn.com/2022/08/02/economy/consumer-credit-borrowing-surge/index.html
https://twitter.com/KobeissiLetter/status/1556267443705749505?s=20&t=r-pgNC3SCWtM44LyKgaXqw

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.