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.

jboldeniv

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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.

03-10-2023, 07:38 AM

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

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jasondreamweaver

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03-10-2023, 10:25 AM

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
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jboldeniv

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03-13-2023, 12:29 AM

Originally posted by jasondreamweaver View Post

But it's the community who gets hit with the highest interest will be hit the hardest

Yep.
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