Middle class America runs up credit card debt to afford expensive medical bills
A recent report addressed the findings from a study based on data from a national survey of low- and middle-income households. The report showed that families using credit cards to pay for their health care are sinking in debt and hurting their ability to obtain needed care. The report stated that low- and middle-income households with medical debt carried an average $11,623 of credit card debt, compared with $7,964 for those without medical debts on their credit cards. This makes these people more likely to have personal bankruptcy issues.
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