Credit card rates at 21.47%, debt over $1 trillion, inflation pressures intensifying consumer troubles.

The financial landscape is in turmoil: credit card interest rates have surged to an unprecedented 21.47%, while credit card debt has crossed the $1 trillion mark.

Personal interest payments have climbed to over $500 billion, signaling a looming consumer crisis.

With excess savings depleted, the consumer's financial health is more vulnerable than ever.

Inflation remains deeply entrenched, posing a significant threat to the economy.

See also Home prices falling at fastest pace since 2022 as rates dent demand See also Canadian homeowners face a "Mortgage cliff," with skyrocketing rates risking financial stability and delinquencies. 

https://citizenwatchreport.com/credit-card-rates-at-21-47-debt-over-1-trillion-inflation-pressures-intensifying-consumer-troubles/