Bank card debt is on the rise. What does that imply for the common particular person?
Reply: $7,236
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Questions:
- Are you stunned by the quantity of bank card debt folks carry? Why or why not?
- What are some penalties of carrying a bank card steadiness from month to month?
- What are some methods you need to use to pay your bank card invoice each month?
Click on right here for the ready-to-go slides for this Query of the Day you need to use in your classroom.
Behind the numbers (Lending Tree):
“Bank card balances have risen by $441 billion since Q1 2021, when bank card debt bottomed out at $770 billion through the pandemic. That’s a 57% improve in lower than 4 years. People’ bank card debt is $284 billion larger than the pre-pandemic report set in This fall 2019, when balances stood at $927 billion. (That’s a 31% improve.) Nevertheless, due to still-sky-high rates of interest, cussed inflation and myriad different financial components, bank card balances are possible solely going to climb.”
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For extra credit-related assets, try the Managing Credit score unit web page.
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About
the Writer
Kathryn Dawson
Kathryn (she/her) is worked up to hitch the NGPF crew after 9 years of expertise in schooling as a mentor, tutor, and particular schooling instructor. She is a graduate of Cornell College with a level in coverage evaluation and administration and has a grasp’s diploma in schooling from Brooklyn School. Kathryn is trying ahead to bringing her ardour for accessibility and academic justice into curriculum design at NGPF. Throughout her free time, Kathryn loves embarking on cooking initiatives, strolling round her Seattle neighborhood together with her canine, or lounging in a hammock with a guide.
