🌟 [ 20 ]   How America racked up a $1 trillion credit card bill [ @CNBC Television ]

Americans have accumulated a record-breaking $1 trillion in credit card debt. As consumer pockets continue to feel the pinch from high inflation. The Federal Reserve s rate hikes have caused average interest rates for credit cards to spike to more than 22%. Rates on retail credit cards are even higher, nearing 29% on average. Despite this the Thanksgiving holiday shopping weekend showed record level shopping, but retailers will be watching credit card repayments after flagging a summer slowdown.

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🌈 🔎 HowAmericarackedupa$1trillioncreditcardbill 🌈