US Credit Card Debt Hits Record $1.3 Trillion as Rates Reach 21%
businessmacroeconomics 1 posts · 1 accounts
US credit card debt has reached a record $1.3 trillion, with the average interest rate at 21%. The figures highlight both the scale of revolving consumer borrowing and the elevated cost of carrying balances.
From the sources (1 posts)
@charliebilelloRT @PeterMallouk: There is now a record $1.3 trillion in total credit card debt in the US - at an average interest rate of 21%. This is the…