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 @sopuli.xyz
    11·
    1 year 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·
      1 year ago

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