THE AVERAGE CREDIT card interest rate, or annual percentage rate, has reached 20.4% — the highest since their tracking began in the mid-1980s, according to Bankrate. A new poll by The Associated Press-NORC Center for Public Affairs Research finds 35% of U.S. adults report that their household debt is higher than it was a year ago. Just 17% say it has decreased. / ASSOCIATED PRESS FILE PHOTO / STEVE HELBER
NEW YORK (AP) – With the Federal Reserve deciding Wednesday to raise interest rates again, credit card debt is already at a record high, and more people are carrying debt month to month. The Fed's interest rate increases are meant to fight inflation, but they've also led to higher annual percentage rates [APRs] for people…
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