More Americans stuck in credit card debt - WALB.com, Albany News, Weather, Sports

More Americans stuck in credit card debt

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By  Stephanie Springer  - bio | email

ALBANY, GA (WALB) - While the economy rebounds more Americans are turning to credit cards to get by. But consumer debt is mounting.

According to a recent report credit card debt has increased by 41 percent since the year 2000.

Americans now owe more than one-trillion dollars in credit card debt.

"I work at the college in Bainbridge and you have a lot of students with student loans and a lot of students are paying off expenses with credit cards and I encounter students everyday who are in difficulty because they already began to encores credit card debt," said consumer Martyn Clay.

The majority of credit card users say they use tax refunds to help pay off debt and nearly half of the people say they're working extra hours or taking on an extra job in order to get out of debt.

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