JUST IN: Personal interest payments in the US hit a record $506 BILLION in July.During the first 7 months of 2023, Americans paid a total of $3.3 TRILLION in personal interest.This is up a staggering 80% since 2021 and nearly above the entire 2022 total.The worst part?These numbers do NOT include interest on mortgage payments.Source: The Kobeissi Letter, FRED
