Americans' credit card debt hits a record $1 trillion | CNN Business
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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.

  • hellishharlot
    31·
    1 year ago

    If you lose your job though that free money dries up lightning fast

    • ProdigalFrog@slrpnk.net
      2·
      1 year ago

      It’s free only if you have the ability to fully pay off your card every month, otherwise it is not free due to interest, yes.