Inflation is driving up consumer credit card debt by billions of dollars
. As prices for goods and services increase, people who are already struggling to make ends meet, or who have limited means, are using more and more credit cards to get by. This can lead to increasing interest rates, fees, and charges which can make paying down debt even more difficult. In response to this, financial institutions are offering more attractive financing terms in order to entice people to use their cards. They are also offering financial education programs in order to help people better manage their debt.