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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.
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.
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.
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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.