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Survey: Millions of Americans maxing out credit cards due to pandemic

Posted at 1:06 PM, Jan 27, 2021
and last updated 2021-01-27 16:28:02-05

A recent survey is reporting that several people are maxing out their credit cards because of the pandemic.

About 51 million Americans added to their balances since the pandemic began, and one generation in particular is being hit hardest.

The survey shows about 56% of millennials say their credit debt has grown since March of 2020.