Credit Card Interest Rates.

Did they say 59.9%? Come on man, I  get better rates than that at the pawn shop!  With the average rate of 15%, I can see why most of us are paying down our debt. When we do that, we slow down our purchasing, which in turn slows economic growth. Did you ever feel like a squirrel in a ferris wheel?

NEW YORK (CNNMoney) -- Interest rates are now hovering near record highs, at an average rate of 14.72%. And if your credit is bad enough, you could even end up with a rate as high as 59.9% APR.

via Credit card interest rates hover near record highs of 15% - Jan. 28, 2011.