Americans’ credit card debt hits a record $1 trillion - eviltoast
Americans' credit card debt hits a record $1 trillion | CNN Business
www.cnn.com
Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

  • snooggums@kbin.social
    1·
    1 year ago

    When you already have a bunch of money you get higher rewards and pay lower interest so your money flows through their balance sheets.