The average interest rate on a credit card in November 2021 was 16.4%. As of September, the average credit card interest rate is nearly 24.5%. Javier David, managing editor at Axios, joined CBS News to discuss other ways rising interest rates are putting pressure on Americans.
#news #interestrates #economy
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It's making the retirees like me a lot wealthier. My income this year has almost tripled all thanks to much higher interest rates. I've been robbed since 2008 to 2022.
Oh no! People cant buy what they cant afford. Anyway…
29 percent is thy ignorance of thy own world 🌎 drinking whiles thy Roman empire will burn
Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
8oomillion jobless times ⏲️ 8oomillion 8 times
The United States as we know it is no more. All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.
Unfortunately thy unemployment in massive amounts of thy world 🌎
8oomillion jobless
Been feeling the feds mistakes since 2020
Inflation will never go back down because of peak oil and crop failures from global warming.
Biden – Best president? 😂😂😂😂
Welcome to Dem entia Joe's America 🎉🎉🎉🎉
War 🪖 = Inflation 💰
Inflation…. high interest rates… record credit card debt…
But more jobs… I wonder y?😮
Bidenomics 🎉
why is cbs hiring british speaking broadcasters?? cbs hire american born and native speakers as broadcasters!!!!!!!
Slavery…
High interest rates are the cornerstone of Bidenomics.