Credit Card Use Spikes for Cash-Strapped Consumers

An illustration of a tired woman sitting on top of a credit card holding a long receipt.

Consumers are increasingly relying on credit cards, racking up debt they can't pay off, according to a new survey from Quicken Inc. that looks at consumer behaviors and sentiments surrounding credit card debt. 

According to the survey, 35% of Americans won’t be able to pay off their balances by the end of the year and high-earners (with annual incomes of at least $150,000) aren’t exempt.