{"id":2877,"date":"2023-05-31T06:20:18","date_gmt":"2023-05-31T04:20:18","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=2877"},"modified":"2023-05-31T06:20:18","modified_gmt":"2023-05-31T04:20:18","slug":"americans-owe-1-trillion-in-credit-card-debt","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=2877","title":{"rendered":"Americans owe $1 trillion in credit card debt."},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">America\u2019s credit card balance has passed $1 trillion, or it\u2019s about to, depending on whom you ask.\u00a0The average interest rate on a new card is 24 percent, the highest figure since the Reaganomics era.\u00a0\u00a0<\/p>\n<p>A typical American household now carries\u00a0$10,000 in credit card debt, by one estimate, another record.\u00a0\u00a0If that doesn\u2019t sound like a lot of debt,\u00a0try paying it off. At $250 per month, with 24 percent interest, you\u2019ll be making payments until 2030, and you\u2019ll spend a total of $20,318, twice what you owed. And that assumes you never use the card again.\u00a0<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>America\u2019s credit card balance has passed $1 trillion, or it\u2019s about to, depending on whom you ask.\u00a0The average interest rate on a new card is 24 percent, the highest figure since the Reaganomics era.\u00a0\u00a0 A typical American household now carries\u00a0$10,000 in credit card debt, by one estimate, another record.\u00a0\u00a0If that doesn\u2019t sound like a lot [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2878,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-2877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/2877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2877"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/2877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/2878"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}