One in ten young borrowers is now seriously behind on their credit cards — ninety days late or worse, double the rate from five years ago. The average young borrower owes about $3,500 at nearly 23% interest, burning roughly $800 a year in interest alone, and one in three workers with a retirement plan now owes more on cards than they have saved for retirement. Here are three moves to break the trap before the gap eats your future. Follow US Money Guide for daily money tips!
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Educational content, not financial advice.
