Credit card interest rates at record highs, surpassing $240 billion annually. Comparisons to 1990s evoke concerns for younger generations’ financial struggles.
Credit card interest rates just hit a new record high in Feb – American families are paying over $240 billion a year just in interest on this debt, before a single dime goes to paying down the principal: pic.twitter.com/N6UxBnyZcl — E.J. Antoni, Ph.D. (@RealEJAntoni) April 6, 2024 https://twitter.com/WallStreetSilv/status/1776411944087384164 https://twitter.com/StealthQE4/status/1776409323754729972 "Can someone explain to me why …