Stat of the Day $1 trillion:The amount of credit card debt that U.S. consumers face after Q1 of 2023 -- an all-time record. The worst part? The average credit card interest rate just hit a record 20.3%, the highest in the Bankrate database that started in 1985. Americans started paying down credit card debt after COVID-19 led to federal stimulus payments, but that’s no longer the case.
