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A quarter of working-age adults in the United States are using credit cards to buy groceries and struggling to repay those debts, a new study finds.
Millions of Americans are also taking on debt and drawing down savings to cover food costs. The repayment shortfall is the operative detail. Grocery spending is non-discretionary and recurring.
When a quarter of working-age adults are carrying grocery balances they cannot service, interest compounds on that baseline expense rather than clearing at cycle end.
For a separate population that the study identifies, food costs are being met through savings drawdowns rather than new credit.
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