Current Volume 8
Abstract
This research investigates the escalating issue of credit card debt among consumers. As credit card usage becomes more prevalent, many individuals encounter financial challenges resulting from overspending, high interest rates, and the pitfalls of minimum payment options. The thesis looks into the psychological, economic, and institutional elements that lead to increasing levels of debt, including consumer habits, income stagnation, and aggressive lending practices. By employing both qualitative and quantitative research methods, this research evaluates trends and provides policy recommendations to address the issue, such as implementing financial literacy initiatives and instituting stricter lending regulations.
Citations
IRE Journals:
Ananya Kasaudhan
"Why Credit Card Debt Is a Growing Problem for Consumer" Iconic Research And Engineering Journals Volume 8 Issue 11 2025 Page 307-316
IEEE:
Ananya Kasaudhan
"Why Credit Card Debt Is a Growing Problem for Consumer" Iconic Research And Engineering Journals, 8(11)
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IRE Journals is an open access online journals established with an aim to publish high quality of research work in various diciplines. We have more than 6 years in publications. Over 2500+ papers already published.
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