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 MARKETS Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century READ MORE US regulators mulling bid to limit bonuses for Wall Street execs, WSJ reports READ MORE Buying Goldbacks In Canada: Your Complete Resource READ MORE Economist warns of urgent US ‘debt detox’: We’re going to be in a recession before people know it READ MORE Add a Comment Cancel replyYour email address will not be published.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