‘Timing Couldn’t Be Worse’: Inflation Is Easing, but More People Are Using Credit Cards for Unexpected Expenses Amid Climbing Interest Rates

A record number of people say they would need to pay for an unplanned $1,000 expense by using their credit card, according to a new survey showing the burden of high prices even as inflation rates ebb from four-decade highs.

One quarter of people said they would rely on credit cards and have to gradually pay off $1,000 in unanticipated costs for something like a car repair or a medical problem, according to a Bankrate.com survey released this week.