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Americans owe $1 trillion in credit card debt

Por: The Hill Politics May 31, 2023

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America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask.  The average interest rate on a new card is 24 percent, the highest figure since the Reaganomics era.   , by one estimate, another record.   If that doesn’t sound like a lot of debt, . At $250 per month, with 24 percent interest, you’ll be making payments until 2030, and you’ll spend a total of $20,318, twice what you owed. And that... + full article



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