US consumers are piling into credit card debt like never before:
Total US credit card debt hit $1.1 trillion in the week ending July 16th, matching a record high set in May.
Year-to-date, credit card debt has risen by +$17 billion.
Since April 2021, it has surged by a whopping +$363 billion.
That’s an average increase of +$7.3 billion PER MONTH.
The worst part?
This does not include "Buy Now, Pay Later" spending, which is projected to hit a record $116.7 billion this year.
Americans are "fighting" inflation with credit card debt.
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Total US credit card debt hit $1.1 trillion in the week ending July 16th, matching a record high set in May.
Year-to-date, credit card debt has risen by +$17 billion.
Since April 2021, it has surged by a whopping +$363 billion.
That’s an average increase of +$7.3 billion PER MONTH.
The worst part?
This does not include "Buy Now, Pay Later" spending, which is projected to hit a record $116.7 billion this year.
Americans are "fighting" inflation with credit card debt.
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NEW - Russia is pushing to mine uranium in Niger, escalating tensions with France after Orano, a 90% French-owned company, lost control of its Somair, Cominak, and Imouraren uranium mines in Niger.
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