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Burdened by record debt, should Americans really travel this summer?
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Burdened by record debt, should Americans really travel this summer?

A new report says we're running up a tab on our credit cards

Christopher Elliott's avatar
Christopher Elliott
Jun 12, 2022
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Elliott Confidential
Elliott Confidential
Burdened by record debt, should Americans really travel this summer?
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Are you too deep in debt to travel?

The latest numbers from the Federal Reserve suggest you might be. This week, it reported that revolving credit, which mostly includes credit card balances, surged almost 20 percent to just over $1 trillion in April. 

That's a record.

Travelers are part of the problem. A new survey by LendingTree says 29 percent of Americ…

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