đš U.S. Credit Card Rates SkyrocketâHouseholds Feeling the Pinch! đłđ„
The average credit card interest rate in the U.S. is now 21%, near an all-time high. Rates have almost doubled since 2014 and climbed +6 points since 2021, even surpassing levels from the 1980s.
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At the same time, credit card debt is explodingâ$1.23 trillion in Q3 2025, up roughly $450 billion since 2021. That means American families are paying more interest than ever while juggling record debt. The squeeze on everyday households is real, and the pressure isnât stopping anytime soon.
This isnât just numbersâitâs a warning. With rates this high, any economic shock could push consumers over the edge, making the financial system more fragile. đ„đ
Trump has also called for a 10% cap on credit card interest, signaling the government is stepping into whatâs long been considered âprivate banking territory.â Could this reshape how Americans borrow? Time will tell⊠âł
