BALTIMORE — While inflation drives up the cost of everyday items, many consumers are struggling with debt.⁠ ⁠ A Nerdwallet study found Americans keep an average credit card balance of $6,000.⁠ ⁠ ⁠ For Jane Spence and her husband, they owed more than $100,000 in mostly credit card debt.⁠ ⁠ “We’ve been struggling for many years,” said Spence, whose husband’s income was suddenly reduced by 60 percent. In addition, his company stopped offering health insurance and medical expenses created more financial burdens.⁠ ⁠ The Spences refinanced their home mortgage several times, but couldn’t seem to catch up.⁠ ⁠ ⁠ #economy #business #company #firm #money #stock #inflation #asset #shareholders #shares #stake #sustainability #finance #baltimore #local #capitalism