Author Topic: The One Rate That Is Not Only Not Going Down, But Is At A 13-Year High  (Read 2271 times)

SeattleSun

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"With 77 million Americans having debt past due and the average household owing more than $15,000 in credit card debt, it appears the Fed's supposed plan to 'help Main Street' is not working so well. As the following chart from NewEdge's Brad Wishak shows, despite Fed Funds at practically zero, US credit card variable interest rates continue to rise - now at their highest since July 2001."

From ZeroHedge


LonghornSF

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The "77 million Americans having debt past due" bit has been debunked, see  the thread on the Lending Club subforum. The metric should be titled "77 million Americans have at some point in their life been past due."