This economy is shitting the bed harder than most understand or are willing to accept…

Nearly 20% of Americans are afraid to check their credit card statements as interest rates approach an all-time high

  • As credit card debt swells and interest rates spike, many spenders are fearful about high balances.
  • Nearly 1 in 5 Americans are afraid to check their credit card statements, according to a recent survey.
  • “With rampant inflation and rising interest rates, it is even more important to check your card statements regularly,” said Matt Schulz, chief credit analyst at LendingTree.

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Around half of older Americans can’t afford essential expenses: report.

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Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, joins CNBC’s ‘Squawk Box’ to break down his outlook on markets and inflation.


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