Americans leaning on credit to cope with inflation

A growing number of Americans are being forced to rely on credit as a way to make ends meet during a time of record inflation.

It also comes at a time when 60% of the country is living pay-to-paycheck.

For many, gone are the days of swiping plastic primarily for one-time purchases. Some analysts say we’re living in the era of putting the essentials on layaway.

Matt Schulz is a chief credit analyst at Lendingtree. He told NewsNation on Wednesday that his company has noticed more people relying on credit...