Lacy Hunt: We're Facing A Perfect Storm Of 'Economic Deterioration'
Wealthion - Be Financially Resilient
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The Average Credit Card Loan Rate Is Now Over 20%
I would say that we have not dodged a bullet, and I think that you can always get better luck. The fact that we've had poor weather and the energy markets have rited themselves is really not a positive for economic activity. It's going to disrupt household budgets at a time when household budgets are already in disarray. According to the numbers that I recently saw, the average credit card loan rate is now over 20%. It's the highest it's ever been.
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