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Americans racked up a record $180 BILLION in new credit card debt in 2022 - and Fed’s next rate hike is expected to add $3.4B in interest payments over the next year.

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  • #1

    Americans racked up a record $180 BILLION in new credit card debt in 2022 - and Fed’s next rate hike is expected to add $3.4B in interest payments over the next year.

    I guess that's due to inflation.
    Americans racked up a record $180B in new credit card debt in 2022
    https://www.dailymail.co.uk
    Americans racked up a record $180.3 billion in additional credit card debt last year, as rampant inflation and dwindling savings rates forced many families to tap lines of credit, a new study finds.
    Tags: 180 billion, americans, credit card debt
    • Likes 1
  • #2
    Originally posted by jboldeniv View Post
    I guess that's due to inflation.
    But it's the community who gets hit with the highest interest will be hit the hardest
    • Likes 1

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    • #3
      Originally posted by jasondreamweaver View Post

      But it's the community who gets hit with the highest interest will be hit the hardest
      Yep.
      • Likes 1

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