this post was submitted on 30 Jun 2025
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[–] DemBoSain@midwest.social 6 points 3 weeks ago

The average credit card interest rate was recently 25.37%, per Forbes Advisor. If you owe, say, $40,000 and you're being charged 25%, you're looking at paying $10,000 per year just in interest.

I refuse to take this article seriously. Nobody responsible enough to have $77,000 cash-on-hand carries credit card debt month-to-month.