2min chapter

Animal Spirits Podcast cover image

Do Valuations Matter? (EP.320)

Animal Spirits Podcast

CHAPTER

Credit Card Debt Hits $1 Trillion for the First Time on Record

The average American credit card balances at a record $7,300. The median household has just $500 and three five thousand three hundred dollars in savings. Interest rates are up six quarters trade on track for the longest streak from 2008. If you carry a balance from month to month, you're compounding against yourself.

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