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US Credit Card Debt Reaches 18.5%, Hits Record $930.6 Billion

Mary Chance 1 year ago in Breaking News 0

Inflation in combination with rising interest rates are leading more Americans to spend borrowed money on necessities like food and rent. This week, the Federal Reserve increased interest by a quarter of a point; however, the recent hike is more modest than previous raises, and marks the eighth hike since March of 2022.

The post US Credit Card Debt Reaches 18.5%, Hits Record $930.6 Billion appeared first on .

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