Upon researching to find the overall current American debt it has been found that the amount changes constantly. One site states that as of May 14, 2013 the National debt was $16,772,890,079.343.13. It is also stated that the National debt increases by 3.78 billion per day.
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Currently, American taxpayers are paying $53,000,000,000 (yes that's BILLION) per MONTH just for the INTEREST on our current debt!
Paying your statement balance on your credit card is sufficient to avoid interest charges, but paying your current balance will help reduce overall debt faster.
Yes, your credit line is based on your monthly income your current debt and length of residence at your current address.
Well, honey, the current ratio of household debt to disposable income in the United States is around 92%. In simpler terms, for every dollar of disposable income, the average American owes 92 cents. So, watch those credit cards and spend wisely, darling.
A coupon rate is not a good estimate of a firm's cost of debt, as it is only a reflection of the firm's cost of debt when bonds were issued, not the current cost of debt. It's not representative of the yield in the current market.