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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)



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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




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"There is a significant risk of insider threat or hacking of Telegram systems that could expose all of these chats to the Russian government," said Eva Galperin with the Electronic Frontier Foundation, which has called for Telegram to improve its privacy practices. Ukrainian forces have since put up a strong resistance to the Russian troops amid the war that has left hundreds of Ukrainian civilians, including children, dead, according to the United Nations. Ukrainian and international officials have accused Russia of targeting civilian populations with shelling and bombardments. "Your messages about the movement of the enemy through the official chatbot … bring new trophies every day," the government agency tweeted. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. Right now the digital security needs of Russians and Ukrainians are very different, and they lead to very different caveats about how to mitigate the risks associated with using Telegram. For Ukrainians in Ukraine, whose physical safety is at risk because they are in a war zone, digital security is probably not their highest priority. They may value access to news and communication with their loved ones over making sure that all of their communications are encrypted in such a manner that they are indecipherable to Telegram, its employees, or governments with court orders.
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