Average annual interest rate that consumers are paying on credit card
balances hit a record high of 22.8 per cent at the end of August, up from 16.3 per cent a year ago.
This debt has been rising in the past year and recently topped $1tn for all Americans for the first time.
Financial Times 8 October 2023
https://www.ft.com/content/1cfb6a5d-c460-465b-b27c-4941bd5e1acc
$1tn, 1.000 miljarder dollar; 10.000 miljarder kronor.
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