Total credit card debt is skyrocketing as savings rates have crashed. Total revolving credit in the US now stands at USD 1.3 TRILLION, up from ~ USD […]
US fights inflation with credit card debt
All posts tagged: credit card
Credit card interest rates reach highest level in 25 years
In the US, credit card interest rates have increased to 21.19%, a level not seen in more than 25 years. This comes at a time when the […]
The seven stages of financial independence
There are many reasons why people want financial independence. Some of the most common are: – Get off the hamster wheel. It’s getting harder and harder to […]
Late credit card payments reduce retailers’ profits
Department store Nordstrom said last week that delays on their store cards are now higher than pre-pandemic levels. Rival Macy’s said it expects late credit card payments […]
US credit card debt exceeds one trillion dollars
Americans borrowed more than ever on their credit cards in the latest quarter, the New York Federal Reserve Bank said on Tuesday, with balances exceeding $1 trillion […]
US credit card debt reaches one trillion dollars
Total credit card debt in the US will exceed one trillion dollars this year. In the last three months of 2022, US credit card debt increased by […]
