Today, Explained cover image

Our trillion-dollar credit card bill

Today, Explained

CHAPTER

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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