US Credit Card Debt Reaches Record $1.3 Trillion
businessmacroeconomics 2 posts · 2 accounts
US credit card debt has reached a record $1.3 trillion, with the average interest rate on that borrowing at 21%. The figures indicate that households carrying card balances are doing so at a historically large scale and at a high cost.
From the sources (2 posts)
@sonalibasakRT @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…
@petermalloukThere 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 #1 wealth killer in America by a landslide.