Over the last year, roughly 9.1% of credit card balances transitioned into delinquency, the New York Fed reported.
  • Crisps@lemmy.world
    2·
    4 months ago

    This is surprisingly low. If the average family put all their expenses on a card and pays it off every month it won’t be far off this.

    What is the average amount that people are actually paying interest on?