In a recent study by the NAACP it was shown that 79% of Latinos carry credit card debt while 54% of White households carry credit card debt. It is also the case that Latinos carry a much higher interest rate on the credit cards the possess. Since exiting the “Great Recession” Americans have seen the number of bankruptcies increase.
No matter what our background it seems to be the case that many American citizens are relying on credit cards much more.
Data shows that over $90 billion has been cu