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How Americans learned to love the credit card

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2 weeks ago

Americans are in serious debt. Together, we owe nearly $1.3 trillion in credit card debt alone; our average balance is around $6,500 each. Owing that much can be scary, not to mention overwhelming. And all of that debt has created some seriously strange political bedfellows: President Donald Trump has proposed capping credit card interest rates at 10 percent for one year, and a bipartisan group of lawmakers, including Sens. Bernie Sanders (I-VT) and Josh Hawley (R-MO) and Rep. Alexandria Ocasio-Cortez (D-NY), is into the idea too. (Banks, unsurprisingly, are not.)  Key takeaways...

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2 weeks ago
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