Our trillion-dollar credit card bill
Today, Explained
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Navigating the Credit Card Crisis
This chapter explores the alarming rise in credit card debt and interest rates, exposing the harsh realities consumers face in today's financial landscape. With average credit card interest hitting 21.59%, the discussion emphasizes the misconceptions surrounding minimum payments and the long-term implications of accruing debt. Personal narratives, particularly from Gen Z, illustrate the struggles of managing finances amidst an unforgiving economic environment.
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