Hey Friends,
I have 4 fun facts for you today. Some of these are not very encouraging if you hate debt. I hope you have a great weekend!
Blessings,
Andrew
Fun Fact 1:
73.3% of U.S. mortgage borrowers have an interest rate under 5.0%.
Source: Federal Housing Finance Agency’s National Mortgage Database; Chart: Lance Lambert
Fun Fact 2:
US Credit Card debt hit a record $1.2 trillion in the 4th quarter last year, rising 7% over the previous year.
Source: Charlie Bilello
Fun Fact 3:
The average interest rate on that debt is 21.5%.
Source: Charlie Bilello
Fun Fact 4:
The percent of credit card balances 90+ days delinquent is 11.3%, the highest since 2011 while student loans & mortgage payments are remaining paid up to date.
Source: NY Fed Consumer Credit Panel; Equifax
“Never spend your money before you have it.” – Thomas Jefferson (Letter to his daughter, 1787)
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security, or to buy or sell real estate property. Read our full disclosures HERE.
