Rising Interest Rates Drive Surge in Credit Card Costs and Household Debt
**Rising Interest Rates Drive Surge in Credit Card Costs and Household Debt** Key Takeaways: Fed monetary policy has pushed credit card rates to record highs, surpassing 20% APR on average Consumers are taking on more revolving credit, raising concerns about household debt sustainability Rising credit costs coincide with broader scrutiny of housing and auto loan … Read more