Outstanding balances near precrisis levels as banks promote cards and borrowers regain confidence
By Anna Maria Andriotis and Robin Sidel
May 20, 2016 5:30 a.m. ET
Credit card balances are on track to hit $1 trillion as more Americans feel comfortable taking on more debt. WSJ’s AnnaMariaAndriotis joins Tanya Rivero to discuss the underlying reasons for the credit boom.
U.S. credit-card balances are on track to hit $1 trillion this year, as banks aggressively push their plastic and consumers grow more comfortable carrying debt.
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