With the economy improving and driving up consumer confidence, many people are spending more but shirking basic responsibilities like paying their credit card bills. If things continue at this rate, U.S. households will accumulate $1 trillion in outstanding debt by the end of 2016, the most ever, according to a study by credit card search and comparison website, CardHub. But some experts say it isn’t yet a worrisome trend.
Over the first quarter of 2016, consumers only paid $26.8 billion in credit card debt, which is 38% of the $71 billion added during 2015.
