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How Americans learned to love the credit card

Vox [Unofficial] February 23, 2026
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Americans are in serious debt. Together, we owe nearly $1.3 trillion in credit card debt alone; our average balance is around $6,500 each. Owing that much can be scary, not to mention overwhelming. And all of that debt has created some seriously strange political bedfellows: President Donald Trump has proposed capping credit card interest rates […]

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