Americans' credit card debt hits a record $1 trillion | CNN Business
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Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

  • Bri Guy
    11•11 months ago

    I’m starting to think that the reason why they don’t teach financial responsibility in school is because banks would lose less people to prey off of.

    I wouldn’t be surprised if that sort of education is heavily lobbied against in Washington!

    • @GiddyGap@lemm.ee
      3•11 months ago

      Education is certainly lobbied against in Florida. Interestingly enough, I do believe Florida has mandatory personal economics in schools.