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During the height of the pandemic, many Americans decided to pay down the balances on their credit cards, thanks to the thousands of dollars of government stimulus funds hitting their bank accounts. Now, with the holidays approaching, that trend is slowly beginning to reverse, and that could spell danger for the overall economy.
Source: https://finance.yahoo.com/m/55870c68-c3fa-356f-9f3d-673b80b6eda2/as-inflation-worries.html