Credit card debt in the United States has surged to its highest level since 2010, causing experts to forecast more financial pain ahead.

Industry data collected by BankRegData showed that factors like inflation, dwindling pandemic savings, and elevated borrowing costs due to the Federal Reserve’s interest rate that sits at 4.25-4.50% have put a strain on consumer finances.

“High-income households are fine, but the bottom third of U.S. consumers are tapped out,” Mark Zandi, the head of Moody’s Analytics told the Financial Times. “Their savings rate right now is zero.”