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| 30 years ago average credit card interest rate was 18% so if you had $10000 of credit card debt $1800 of interest of your $38500 household income would take 4.67% of your income just for interest.
2023 the average credit card interest rate of 21.2% so if you had $10000 of credit card debt $2120 of interest of your $67000 household income would take 3.16% of your income just for interest
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Beef and economy
