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Rising prices push many Americans further into credit card debt

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Inflation rates fell for the sixth consecutive month, but Americans are still feeling the pinch from higher than usual prices. Many have been forced to pull out their credit cards, even while interest rates on those cards are soaring. Michelle Singletary, writer of the syndicated Washington Post column “The Color of Money,” joined Geoff Bennett for a closer look at what this means.

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Category
U.S. & Canada
Tags
credit card debt, inflation, the color of money
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