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Credit-card interest rates are at historic highs — the Consumer Financial Protection Bureau found in a recent report that the average annual percentage rate on credit cards surged to 22.8% in ...
Since 2020, the average car loan payment has grown by more than $100 to $644, average monthly credit card payments due have increased $50 to $202 and average monthly mortgage payments have ...
Banks, card processors and processing networks like Visa and Mastercard each charge a fee to process credit card transactions. The sum of those fees is called the “swipe fee,” which usually ...
According to TransUnion, the average credit card borrower owed $6,380 in the third quarter of 2024 — up from $6,088 one year ago and $4,869 three years ago. The number of Americans carrying ...
In the United States of America for the years preceding the financial crisis of 2007–2008, non-housing personal debt (auto loans, credit cards, student loans, etc.) rose significantly from approximately $2.05 trillion at the start of 2003 to a peak of $2.71 trillion in Q4 of 2008. It was not until Q3 of 2012 that unsecured personal debt ...
Rising credit card debt, inflation, consumer balance sheets, household spending.
Credit card debt is growing at an "alarming" pace. Nearly one-fifth of Americans have ‘maxed out’ their credit cards as inflation and high interest rates push delinquencies to 3-year high
After several years of steep inflation has stressed many American households, the inflation rate has hit a normal range of 2.6% in October 2024, according to the Bureau of Labor Statistics ...