What Drives Credit Card Debt

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In the article “What Drives Credit Card Debt?” Amy Traub correlates credit card debt to several different variables. One of the major variables referenced was the absence of health care. In 2012, a national survey of 1,997 working age adults was conducted and the outcome was extremely surprising. According to this survey if a family does not have health care they are 20 percent more likely to be carrying credit card debt. (Traub) Another variable tested was if the household was ever unemployed. Studies show that even if the person was unemployed for a short period of time they are 14% more likely to carry credit card debt. However, if you are lucky to have assets to draw from you are less lucky to have credit card debt. Many different factors
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