https://www.cnbc.com/2023/01/10/americans-lean-heavily-on-credit-cards-amid-inflation.html

Now, 46% of credit cardholders carry debt from month to month, up from 39% last year, according to a new report by Bankrate.

https://www.cnbc.com/2024/02/06/credit-card-delinquencies-surged-in-2023-indicating-financial-stress-new-york-fed-says.html

Credit card delinquencies surged more than 50% in 2023 as total consumer debt swelled to $17.5 trillion, the New York Fed reported Tuesday.

Liz Ann Sonders has an interesting theory that doesn’t seem to have any factual basis.