Many fluctuations have occurred ever since the pandemic era has started, including the increase in the rate of online shopping and the dramatic drop of credit card debt from $34 billion to $14.27 trillion. The year 2020 is full of surprises. Where many businesses have settled down and worked through their obstacles to find a solution for their firm in this epidemic, many areas have faced some serious troubles.
The prediction failed to cause the entire market to shake
Timeline of credit card debt over the years in the US
The infographic below points to the chart, which refers to the timeline of credit card debt over the years. The difference in credit card debt every single year is easily comprehensible.