How America racked up a $1 trillion credit card bill

How America racked up a $1 trillion credit card bill

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Americans have accumulated a record-breaking $1 trillion in credit card debt. This comes as the Federal Reserve's interest rate hikes have caused average interest rates for credit cards to spike to more than 22%. Rates on retail credit cards are even higher, nearing 29% on average. "Even if you're…

#federalreserve #teddrossman #bankratecom #macy #nordstrom

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