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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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On December 23rd, 2020, Pavel Durov posted to his channel that the company would need to start generating revenue. In early 2021, he added that any advertising on the platform would not use user data for targeting, and that it would be focused on “large one-to-many channels.” He pledged that ads would be “non-intrusive” and that most users would simply not notice any change. He adds: "Telegram has become my primary news source." "And that set off kind of a battle royale for control of the platform that Durov eventually lost," said Nathalie Maréchal of the Washington advocacy group Ranking Digital Rights. Multiple pro-Kremlin media figures circulated the post's false claims, including prominent Russian journalist Vladimir Soloviev and the state-controlled Russian outlet RT, according to the DFR Lab's report. Telegram was founded in 2013 by two Russian brothers, Nikolai and Pavel Durov.
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