Credit Card Debt - Is That a Bad Idea?

According to CNBC, personal debt increased in the third quarter of 2021 faster than any other quarter for the last 15 years. Over year, credit card debt had jumped 15% more than it had in over 20 years. A research paper done by the Urban Institute claims that they believe that the pace of rent or growth will be more than double the pace of home ownership growth from 2020-2040.