Why You Should Pay Off Your Credit Card ASAP Amid rising financial pressures due to inflation, increased interest rates, and the cessation of pandemic relief efforts, American credit card debt has hit a record $1.13 trillion in late 2023. The New York Federal Reserve reports a 1.2% increase in overall household debt, with credit card delinquencies rising significantly. This situation underscores the importance of prioritizing debt repayment to mitigate the impact of these economic challenges. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi READ MORE The Global Solar Power Boom Is Driving a Surge in Silver Demand READ MORE Federal Reserve Shows Little Urgency to Cut Interest Rates READ MORE Historic Debt Costs Loom: 2025 Debt Interest Costs to Exceed World War II Levels READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment