Americans owe $1 trillion in credit card debt

Americans owe $1 trillion in credit card debt

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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. A typical American household now carries $10,000 in credit card debt, by one estimate, another…

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