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 Chinese Gold Trading EXPLODES READ MORE Incrementum: Monthly Gold Compass July 2024 READ MORE Oil Recovers from Yearly Lows as Fed Lowers Rates READ MORE Wall Street Optimism Grows as Jefferies Reports 59% Jump in Deal Revenue READ MORE Copper Prices Hit Record Highs Indicating Economic Resurgence READ MORE Add a Comment Cancel replyYour email address will not be published.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