It’s no secret that more and more people—especially seniors on fixed incomes—are sinking deeper into credit card debt. Why is this? I don’t think it’s because we’ve had so many emergencies (the common reason to have credit cards, right?). It’s because we don’t want to feel poor.
At this point, I should define “feeling poor.” It’s not easy, but it’s real. I'll bet you’ve felt it from time to time, no matter your season of life.
