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Since March 1962, the debt ceiling has been raised 74 times, according to the Congressional Research Service. Ten of those times have occurred since 2001. Expect more of the same over the next decade.
Average credit card debt is closely tied to the total outstanding revolving debt. Over the years, the two have risen together, exhibiting strong correlation (0.6). Over the last decade, average credit card debt has grown at a faster pace â raising by 52% since the year 2000.