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As US Credit Card Debt Soars, Record Number Of Americans Rely On Minimum Payments Amid Recession Fears And Trump Tariffs
Monday, April 28, 2025 - 7:58am | 498A record-high percentage of U.S. households are making only minimum payments on their credit cards, according to new data released by Apollo Global Management Inc. Chief Economist Torsten Slok. What Happened: In a report titled “How are U.S. consumers and firms responding to tariffs?”...