Living on Borrowed Money: Why Jamaica's J$94 Billion Credit Card Debt Should Alarm Every Household

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Living on Borrowed Money: Why Jamaica's J$94 Billion Credit Card Debt Should Alarm Every Household
Jamaica's credit card debt has climbed from J$40.2 billion in 2017 to a record J$94 billion in 2026, a decade-long rise driven by inflation, stagnant wages and interest rates as high as 52 per cent.