Declining Confidence in Credit Card Repayment Among Americans Only half of American credit card users believe they can fully pay off their December balances, as per the LendingTree Credit Card Confidence Index. This index hit an all-time low of 51% in December, down from 58% in November. Meanwhile, national credit card balances have soared to a record $1.08 trillion, with average interest rates reaching a 30-year high of 21%. The rise in debt, inflation, and interest rates is impacting consumer confidence, notes Matt Schulz, chief credit analyst at LendingTree. Additionally, a Bankrate survey indicates an increase in cardholders carrying month-to-month debt, and the average credit card debt per customer is now $6,088, up from the previous year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts U.S. Firms Embrace Currency Options as Election Hedge READ MORE Biden's Exit Sparks Gold Price Fluctuations as Traders Weigh Implications READ MORE China's Relentless Gold Buying Streak Fuels Record Price Surge READ MORE HSBC: Why Gold Prices Continue to Break Records READ MORE Former Treasury Secretary Calls for Scrapping 20-Year Bond READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment