Growing numbers of people are struggling as inflation spirals to new heights. With the growth of inflation comes the rise of interest rates as well. Ironically, the Federal Reserve declares interest rate increases are designed to lower inflation; yet, this hasn't happened.

Unfortunately, amid growing costs just to make ends meet, more and more people are struggling. People are having a hard time putting food on the table, finding childcare, and otherwise getting through the month with bills paid.

All of this is now leading to more people taking on credit card debt.

The rise of credit card debt across the nation

According to CreditCards.com, six out of ten Americans who have credit cards are maintaining balances for no less than 12 months.

Furthermore, this carrying of credit card balances remains most common amongst people with fewer financial resources; this is widely recognized among individuals earning under $50,000 on an annual basis.

Collectively, Americans are carrying more than $800 billion in credit card debt. As inflation keeps on growing, this number may very well increase.

While the Federal Reserve keeps moving up rates of interest, debt will become more expensive and harder to escape.

More data from CreditCards.com likewise reports that if Americans lose their jobs, paying off their credit cards won't even be in the realm of possibilities.

More than half of Americans who currently maintain credit card debt claim job loss would negatively impact their ability to make minimum payments each month.

No sign of letting up

Economists continue to project inflation lasting for at least the next several years. This means high prices, advancing interest rates, and growing hardships with debt are here to stay.

Some Americans have begun turning to the gig economy and second jobs in order to make ends meet. However, the interest rates that accompany debt are ongoing hurdles that will increase the difficulty of escaping credit card debt.

What's truly unfortunate is that some struggling people don't have any other options. With prices growing and resources becoming more scarce, certain folks have to choose between going into credit card debt or not putting food on the table.