Thursday, 21 July 2011

Consumers Use Credit Cards for Necessities as Inflation Cuts U.S. Incomes

Consumers in the U.S. are increasingly using credit cards to pay for basic necessities as income gains fail to keep pace with rising food and fuel prices. The dollar volume of purchases charged grew 10.7 percent in June from a year ago, while the number of transactions rose 6.8 percent, according to ...


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