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Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.

United statesMatt schoeppnerRob haworthFederal reserve bankUs bank wealth managementUs bureau of economic analysisUs bankEconomic analysisWealth management

Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.

United statesRob haworthMatt schoeppnerFederal reserve bankUs bank wealth managementUs bureau of economic analysisUs bankEconomic analysisWealth management

Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.

United statesRob haworthMatt schoeppnerFederal reserve bankUs bankUs bank wealth managementUs bureau of economic analysisEconomic analysisWealth management

Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.

United statesMatt schoeppnerRob haworthFederal reserve bankUs bankUs bureau of economic analysisUs bank wealth managementEconomic analysisWealth management

Consumers spend more than $1 trillion on interest payments, largely due to increasing credit card debt

Consumers paid over $1 trillion in interest payments, most of which when toward high-interest credit card debt.

United statesMatt schoeppnerRob haworthFederal reserve bankUs bank wealth managementUs bureau of economic analysisUs bankEconomic analysisWealth management

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