Americans cut back on their credit card use in July for the second straight month, suggesting many remain cautious in the face of high unemployment and slow growth.
Americans cut back on credit card use in June, further evidence that high unemployment and slow growth has made consumers more cautious about spending.
Americans stepped up their borrowing in May, helped by the largest monthly gain in credit card debt in more than four years. But overall credit card use is still well below where it was just before the Great Recession began.
While we struggle to get back on our feet from the great recession, New Jerseyans are still toting around the fourth-highest credit card debt in the country.
Do you understand all the fine print in your credit card agreement? If you don't, you're not alone. The Obama administration has unveiled a new project aimed at simplifying the language.