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0 sats \ 0 replies \ @nullcount 10 Mar \ parent \ on: Americans spent >$1.1tn on interest payments alone last quarter. charts_and_numbers
Many with a mortgage in US are still paying 3% rates on a loan they got 5+ years ago for a 30-year term.
Many with credit card debt are paying 28% interest on a loan they built up in the last 5 years.
I imagine student loans are a big portion of "Other" in this chart.