Why You Owe More Than You Borrowed
Автор: Data Makes Cent$
Загружено: 2026-01-17
Просмотров: 3
Описание:
You've been making minimum payments on your credit card debt, but the numbers reveal a brutal truth: the system is designed as a debt trap. This video explains how credit card interest and other factors keep you in a cycle of financial struggles, even when you're doing everything right. We also touch on payday loans, illustrating the broader challenges many face.
SOURCES:
Federal Reserve (Q3 2025)
LendingTree (Q1 2025)
CFPB (2024)
Bankrate (2025)
National Foundation for Credit Counseling
#personalfinance #compoundinterest
DISCLAIMER: This content is for educational purposes only and should not be considered financial advice.
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