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The Fed has now lifted rates to a 22-year high 01

The Fed has a direct line to your wallet, impacting how much you pay to borrow and how much you earn when you save. Make these important money moves now…

The Fed has now lifted rates to a 22-year high 02

The Fed has a direct line to your wallet, impacting how much you pay to borrow and how much you earn when you save. Make these important money moves now…

The Fed has now lifted rates to a 22-year high 03

The Fed has a direct line to your wallet, impacting how much you pay to borrow and how much you earn when you save. Make these important money moves now…

The Fed has now lifted rates to a 22-year high 04

The Fed has a direct line to your wallet, impacting how much you pay to borrow and how much you earn when you save. Make these important money moves now…

Exclusive insights from our expert analysts

“We’re seeing triple trouble for anyone with credit card debt. More people are carrying more debt, and interest rates have risen sharply.”

– TED ROSSMAN

54 Million U.S. Adults Have Been in Credit Card Debt for at Least a Year

As Americans continue to battle rising inflation and high interest rates, 60% of those who carry a balance on their credit card or 54 million people, have been in debt for at least a year, according to a new Tellernote report. Overall, almost half (47%) of credit cardholders carry debt from month to month, compared to 46% last year and 39% in 2021.

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Reviews and recommendations

Tellernote independently researches financial companies and rates them according to an objective set of criteria. For more information on how we stay impartial, check out our editorial integrity policy.

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4.8
4.8/5

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