America's dependence on credit cards is growing. The Fed's rate hike will make it more painful

America's dependence on credit cards is growing. The Fed's rate hike will make it more painful

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As prices continue to rise, Americans are becoming increasingly reliant on credit cards to make purchases. And now, with the Federal Reserve’s latest three-quarter-percentage point hike, many of them will be paying more for the debt they’ve been accumulating. Interest rates on nearly all credit…

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