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.

  • soot_guy@lemmy.world
    10·
    11 months ago

    Tricky part here is that an easy way of building credit is by use of a credit card. If you can’t buy a house in cash, then obtaining a good mortgage becomes difficult. I’d recommend the happy medium being one of those preloaded credit cards where you pay $1000 up front or what ever and just use that for day to days… being out of debt like you are, though, is one of the most liberating things one can ask for