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Credit Card Debt Is Piling Up. Should Retail Be Worried?

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Consumers are back to racking up debt after cutting down their credit card bills by $82 billion last year. WalletHub projects a $70 billion spike in credit card debt this year, which would “far exceed” the 10-year average of $45.6 billion. The consumer credit data firm also found that the third quarter’s $23.6 billion credit…

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