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Not surprisingly, mid-career workers are most likely to carry the most credit card debt. adriaticfoto / Shutterstock.com
Credit card debt is something many people use to make ends meet — even moreso when they’re being squeezed by stubbornly high inflation. While some folks manage to never carry a balance and completely avoid paying interest charges, others struggle quite a bit to keep up. The Federal Reserve maintains data on the average credit card debt and breaks it down into different age brackets.
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