US Credit Card Debt Total Reaches $1 Trillion
The Federal Reserve Bank of New York announced Thursday that US consumer credit card debt exceeded $1 trillion. The ballooning total has coincided with an increase in interest rates due to recent Fed decisions. Consequently, household budgets eat away savings amassed during the pandemic. The record total sounds an alarm about the status of US … Continue reading US Credit Card Debt Total Reaches $1 Trillion
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