US Credit Card Debt Hits Record $1.33 Trillion as Savings Rate Crumbles

American consumers now owe a record $1.33 trillion in credit card debt, a new all-time high that arrives as the personal savings rate collapses and interest rates on revolving balances hover above 21%. Hard Money Advocates Take Note Total U.S. credit card debt has climbed to a new all-time high of $1.33 trillion on May […]