Almost half of all Americans are still paying off debt that they accumulated last year for a summer vacation, which is alarming news considering about half expect to go into more debt this year for more vacation. It’s things like this that are making the economy look so much better than it really is because all of these people are financing these trips with credit they can’t afford.
REPORT: Around 25 million Americans are behind on their credit card, auto loan or personal loan payments, according to a Moody’s and Equifax.
— Election Wizard (@ElectionWiz) July 12, 2024
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