Americans spent more than $1.1 trillion on interest payments alone last quarter ...Middle East

Economy by : (Quartz) -
You borrow money, you pay it back. If you can’t pay it back right away, you might pay some money on top of that. Well, Americans are paying a lot of money on top right now: Data from the U.S. Bureau of Economic Analysis (BEA) suggests that consumers spent a record $1.1 trillion on interest payments last quarter.Read more...

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