Credit Card Debt Rose by $1.95 Billion in March
Credit card debt increased in March for only the second time since August 2008. Revolving credit, which is credit card debt, rose 2.99%, increasing by $1.95 billion, according to the Federal Reserve.
The government recently reported gains in payroll. Americans may be shopping and charging more as they have more money to spend. They may also be charging gas as pump prices rise.