Telegram Group & Telegram Channel
BREAKING: US credit card debt is up $51 billion over the last year to a record $1.09 trillion.

This brings total credit card debt up $344 billion over the last 4 years.

The average interest rate on this debt reached 22%, near an all-time high, according to Fed data.

In effect, US households now hold a record average credit card debt balance of $10,563.

Even worse?

This does not include "Buy Now, Pay Later" which saw a record $19 billion in holiday purchases in 2024.

Americans are “fighting” inflation with debt.
(@TheKobeissiLetter)



group-telegram.com/thekobeissiletter/1007
Create:
Last Update:

BREAKING: US credit card debt is up $51 billion over the last year to a record $1.09 trillion.

This brings total credit card debt up $344 billion over the last 4 years.

The average interest rate on this debt reached 22%, near an all-time high, according to Fed data.

In effect, US households now hold a record average credit card debt balance of $10,563.

Even worse?

This does not include "Buy Now, Pay Later" which saw a record $19 billion in holiday purchases in 2024.

Americans are “fighting” inflation with debt.
(@TheKobeissiLetter)

BY The Kobeissi Letter




Share with your friend now:
group-telegram.com/thekobeissiletter/1007

View MORE
Open in Telegram


Telegram | DID YOU KNOW?

Date: |

Russians and Ukrainians are both prolific users of Telegram. They rely on the app for channels that act as newsfeeds, group chats (both public and private), and one-to-one communication. Since the Russian invasion of Ukraine, Telegram has remained an important lifeline for both Russians and Ukrainians, as a way of staying aware of the latest news and keeping in touch with loved ones. Artem Kliuchnikov and his family fled Ukraine just days before the Russian invasion. "Your messages about the movement of the enemy through the official chatbot … bring new trophies every day," the government agency tweeted. To that end, when files are actively downloading, a new icon now appears in the Search bar that users can tap to view and manage downloads, pause and resume all downloads or just individual items, and select one to increase its priority or view it in a chat. That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were ugly—and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuable—and many tech companies are valued on the basis of profits forecast for many years in the future.
from ar


Telegram The Kobeissi Letter
FROM American