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American have an average of $6,506 in credit card debt, according to a new Experian report out this week. But which expenses are adding to that balance the most?
A full 23% of Americans say that paying for basic necessities such as rent, utilities and food contributes the most to their credit card debt, according to a new survey of approximately 2,200 U.S. adults that CNBC Make It performed in conjunction with Morning Consult. Another 12% say medical bills are the biggest portion of their debt.
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