Americans’ credit card debt levels have just notched a new, but undesirable, milestone: For the first time ever, they’ve surpassed $1 trillion, according to data released Tuesday by the Federal Reserve Bank of New York.

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[–] 11 points 3 years ago* (last edited 3 years ago) (1 child)

I'm starting to think that the reason why they don't teach financial responsibility in school is because banks would lose less people to prey off of.

I wouldn't be surprised if that sort of education is heavily lobbied against in Washington!

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