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fragments of credit cards closeup (Photo: Shutterstock)

Debt is driving everybody down, according to a new credit card survey from WalletHub, and that’s not a good sign for a culture that’s trying to emphasize financial wellness.

In fact, says the report, the rise in debt could prove to be the canary in the coal mine when it comes to a downward trend in financial wellness, since more than 18 percent of respondents said they believe they will miss at least one credit card due date in 2020. That works out to about 46 million Americans, says the report, and as we all know, one thing often leads to another.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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