Susan Cannon, 73, owes nearly $40,000 across 19 credit cards. High interest rates are preventing her from retiring.
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Most of us categorize debt as either “good” debtor “bad” debt. However, savvy wealthy individuals recognize that not all debt is created equal.
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Collectively, Americans owe $1.28 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.