Category Archives: Chart of the Week

Interactive: What Interest Rate Are People Paying On Their Credit Cards?

Answer:  Lots of different interest rates…

From NPR.org (if you go to the link, there is a interactive with a slider bar that allows you to see how the distribution of interest rates has changed from 2001-2013):

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Ask students to provide several takeaways in analyzing this chart. which might include… Continue reading

How Much Do Americans Pay In Interest On Their Debt?

This chart released quarterly by the Federal Reserve presents several learning opportunities:

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Lesson 1: Mortgage debt far exceeds all other consumer debts with a total of $8.12 trillion as of the end of Q2 2015. The next closest, student loan debt, stood at $1.19 trillion or almost 1/8 the amount of mortgage debt. Continue reading

Chart of the Day: How Often Are Credit Card Applications Rejected?

From Federal Reserve:

Answer:  13.5% in June 2015.  Note that this rate will likely be much higher for millenials who may have lower credit scores due to their short credit histories.  Interesting to note the sharp decline in rejection rate in the most recent reporting period as lenders seem to be loosening their standards.

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