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National News See other National News Articles Title: Americans drowning in interest as 11.1% make only minimum payments Credit card debt in America is reaching dangerous levels. The percentage of cardholders making only minimum monthly payments has surged to 11.1%, the highest rate in 12 years. This alarming trend signals growing financial distress, as more consumers struggle to keep up with rising costs and high interest rates. This is a warning sign that millions are teetering on the edge of financial ruin. The Federal Reserve Bank of Philadelphia released data showing that credit card delinquencies are also climbing, with accounts three months or more past due hitting record highs. The average credit card interest rate now stands at 21.37%, making it nearly impossible for minimum payers to escape the cycle of debt. At these rates, a $5,000 balance could take decades to pay off, with borrowers shelling out thousands in interest alone. Inflation has played a major role in pushing Americans deeper into debt. While the Fed has managed to bring inflation down to 2.4%, wages have not kept pace with rising costs. Many households are relying on credit cards just to cover basic expenses. A recent survey found that one in three Americans is using credit to make ends meet, with many maxing out their cards in response to higher prices. This is not reckless spending. It is survival. Poster Comment: Trump ends virus research funding US President Donald Trump has issued an executive order restricting federal funding for “gain-of-function” research into viruses and other biological agents in the US and abroad, including China. ”Gain-of-function” or “dual use” studies have been gaining controversy after the COVID-19 pandemic. Trump has suggested that a lab leak in Wuhan, China, where US-funded research was based, was the source of the outbreak that brought the world to a standstill. Beijing has denied the claims and accused Washington of trying to smear China. https://swentr.site/news/616856-trump-us-virus-research/ Post Comment Private Reply Ignore Thread
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