Toxic. 

There has been a massive surge in credit card usage by US households, a troubling sign that could suggest that in lieu of disposable income, many consumers are forced to max out credit cards to survive the inflation storm.

As consumer balance sheets become more saturated with credit card debt, it will become harder to pay off as rates rise.

Households are taking on insurmountable credit card debts while rates are climbing — as well as personal savings is collapsing.

https://www.zerohedge.com/markets/some-store-credit-cards-hit-30-interest-rates-consumer-balances-rise