A lack of credit history creates financial obstacles for immigrants : NPR
Debt 📍
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NPR
More Americans are leaning on their credit cards in the face of rising prices. And as interest rates continue to climb, that debt is getting a lot more expensive.
The average credit card user was carrying a balance of $5,474 last fall, according to TransUnion, up 13% from 2021.
That marks a reversal from the first year of the pandemic, when many Americans were able to pay down credit card debt, thanks to generous government relief payments and limited spending on travel and entertainment.
Modern Monetary Theory – Wikipedia
I think there is some truth to modern monetary theory and some problems with it too - as Wikipedia notes. But ultimately loaners don't care how much money you borrow as long as it's likely you make debt service and pay them the desired interest in at timely fashion.
Government – Gift Contributions to Reduce Debt Held by the Public
In 2021, Americans donated $1.2 million dollars to reduce the federal debt. You can pay by credit card, debit card or PayPal.