Americans' credit card debt breaks record of $1 trillion as interest rates climb

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This week, for the first time, American credit card debt surpassed $1 trillion. Getting into credit card debt at any time is not good, but this is a particularly bad time to rack up debt.

https://abc7ne.ws/3QDJ0R8

#credit #creditcard #debt #interest #finance #abc #abc7news

Comments

Jared von Baren says:

I mean, I’ve got thousands. I’m sure many others do as well. Lately, that’s been the “slush fund for the slush fund” when the slush fund couldn’t cover it anymore…sadly. ????

Flash Hound says:

I hardly use my credit card because I use it once a month for as small as possible. I also have auto pay with my bank. So I don't need to worry about paying it.

Austin says:

People need to act their wage. Not everyone gets to live a life of luxury, especially those who haven’t paid in their dues.

Rita Tharp says:

Credit card debit is a bad thing ????

BENCH PRESS 247 says:

Let's have a crack at 1C

Uki Y says:

Ive been stuck with credit card debt I try to pay but dont make enough medical bills are a pain in the ass

Capt Mrgn says:

FJB! Say – “If we just pay off people’s credit card debt, we can provide relief to American families”

Thisguywtf says:

Knew a guy who has 9 credit cards open, knew a girl in 25k credit card debt to her ex fiancé, so many people with credit card debt

propblast82nd says:

Bidenomics ????

justrosy5 says:

That's $1Trillion that the rich will receive from the poor. STOP BAILING OUT THE RICH. They're making the rest of us poor!

Leunam says:

I get so many credit cards offer by mail. It’s a form of mail man abuse.

Andrew Johnson says:

BIDENOMICS ???? “ I just need four more years to finish what I started”

Larry Y. Ho says:

Biden will forgive

Frederick Farias says:

3 out of 200 cars in Calif. get stolen while only 1 in 200 in Florida.

Jean Hansel says:

Never charge more than you can pay off in a month.

Bob Powell says:

67 years old and have never Carried a CC balance. Use one every month. Only for Gasoline. Pay it twice a month. Never was stupid enough to take a student loan. 826 FICO score. Why in the WORLD would you pay someone to use their money is a concept that is beyond me beyond a Mortgage. We payed off a 30 year Mortgage in 10. If you CAN’T Afford it, don’t BUY IT. Simple.

bigcatauna says:

One trillion+ of future bankruptcy

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