2min chapter

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America’s teacher shortage continues

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CHAPTER

Rise in U.S. Credit Card Balances and Delinquencies

This chapter explores the alarming increase in U.S. credit card balances, exceeding $1 trillion for the first time. It analyzes the factors behind this trend, including rising prices and the growing dependence on credit cards for financial management, and the potential economic consequences, particularly in relation to student loan repayment.

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