How Credit Card Addiction Has Led Indians Into A Massive Debt Crisis Worth Millions | Paisa Live

In recent times, the trend of credit cards has surged dramatically. This has not only transformed consumer behavior in the market but has also led to a significant increase in overspending. As more individuals embrace the convenience of credit cards, they often underestimate the potential pitfalls associated with them. Alongside the rapid rise in the number of credit cardholders, there is a concerning parallel: an increasing number of people are defaulting on their credit card payments. This dual trend highlights the urgent need for greater financial literacy and responsible spending practices among consumers. With many falling into the trap of debt, it is crucial to promote awareness about the long-term implications of credit card misuse and the importance of managing finances wisely.