Americans owing record credit card debt are carrying debt for longer

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the new record high amount of credit card debt owed by Americans?
1.1 million
1.1 trillion
1.1 quadrillion
1.1 billion
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage increase in credit card balances was observed in the second quarter?
5%
15%
11%
2%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the average credit card rate expected to be after a half-point cut by the Federal Reserve?
20.2%
21.2%
19.7%
20.7%
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long could it take to pay off the average credit card balance with minimum payments?
20 years
18 years
15 years
10 years
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How much interest could accumulate if only minimum payments are made on the average credit card balance?
$5000
$12000
$6200
$9300
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