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Americans’ credit card fees have surged 50% since Biden became president: study

Americans paid nearly 50% more in credit card expenses last year compared to the year before President Joe Biden took office — adding fuel to cries by Republican over the cost of living crisis facing voters ahead of November’s election.

In 2023, US credit card holders shelled out $157 billion in interest and fees on their credit cards – an increase of $51 billion compared to 2020, according to information provided by banks to the Federal Deposit Insurance Corp., which was first reported by Financial Times.

Meanwhile, credit card delinquencies are the highest in 13 years, according to Moody’s Analytics, as inflation-battered shoppers have charged up a record $1.13 trillion as of the final quarter of 2023.

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4 thoughts on “Americans’ credit card fees have surged 50% since Biden became president: study”

  1. I keep telling you moron slaves, this is the true intention, to make you more poor any way they can. it is all part of the plan or show as some of you like to say.

    1. Yep all for the cause!! The hidden dangers of the rainbow. The luciferian agenda because his plan is not love but seeds of hate.

    2. “They” don’t make you poor. You do that all by yourself when you agree to borrow money for stuff you don’t need and can’t afford.

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