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These are the states that stand to benefit the most from a credit card interest rate cut. tairome / Shutterstock.com
Despite increased costs and high interest rates, U.S. households have not been deterred from spending their money. According to the Bureau of Economic Analysis, consumer spending in the U.S. increased by 24.1% from the first quarter of 2021 to the last quarter of 2023, which, in turn, led to a notable uptick in credit usage. Total credit card debt in the U.S. surpassed $1 trillion for the…
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