Credit Card Struggles: 25% of Americans Face Grocery Repayment Issues

Over 25% of US working-age adults using credit cards struggled to pay for groceries last year, either making minimum payments or missing them entirely. Almost 10% relied on 'buy now, pay later' loans, with a third unable to make payments according to a survey by the Urban Institute. Grocery prices have increased 2.7% in the past year and are up nearly 32% from pre-pandemic levels. This situation is crucial for investors as it indicates increased consumer financial strain, potentially impacting retail and credit markets.