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Americans Owe $1 Trillion In Credit Card Debt

  • America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask.
  • The average interest rate on a new card is 24 percent, the highest figure since the Reaganomics era.
  • A typical American household now carries $10,000 in credit card debt, by one estimate, another record.

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