Record share of Americans carry credit card debt, can't pay off bills
About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
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About 111 million Americans are carrying credit card balances, a 17% increase in five years, new research shows.
With the markets so volatile, many people across the country are concerned about what that means for their financial futures.
With credit card debt at a record $1.2 trillion, experts are urging cardholders to rethink their strategies before the costs outweigh the rewards.
In the race to earn points, miles and cashback, more Americans are finding themselves stuck in a cycle of credit card debt.
Florida has the second-highest credit delinquency rate in the nation, according to WalletHub.
CBS News Miami's Joe Gorchow reports how the man is working his way out and the nonprofit that helped him out.
A new report by the Federal Reserve Bank of New York shows all major loan categories are on the rise, with credit card balances topping $1.2 trillion-dollars.
Nearly 60% of Americans don't have enough money put away to handle common financial emergencies, according to Bankrate.
Matt Schulz, a credit card analyst with LendingTree, says it's nearly impossible to tackle credit card debt without a good feel for how much money is coming in and going out of your household on a regular basis.
Miami ranks 4th in the nation for the most non-mortgage debt, according to Lending Tree. Orlando ranked 7th while Tampa rounded out the top 10.
Americans struggling with credit card debt hope relief will come with more expected interest rate cuts later this year.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
Consumers tacked on an additional $27 billion in credit card spending in the second quarter, the Federal Reserve Bank of New York said.
More Americans are maxing out their credit cards, especially younger people. CBS News Miami's Ivan Taylor spoke with a finance professor and shared her solutions.
Credit card debt hit a record $1.13 trillion at the end of 2023, while delinquencies have surged more than 50% from a year ago.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
A significant number of Americans are only making the minimum payment on their credit card debt
Financial expert Craig Kirsner has some tips to help dig out from credit card debt.
With annual percentage rates topping 20%, it's more important than ever to lower your credit card debt. These tips can help.
The Consumer Federation of America handled nearly 600,000 complaints in 2022
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Credit card debt is up 17 percent in the past year
Inflation is causing many people to lean on credit cards to cover monthly expenses and most people are having to pay heavy interest on that debt.
Millennials with debt and dependents most likely to feel the financial crunch
The city recommended in an email that affected residents boil tap water before using it, a spokesperson told CBS News Miami. The order is expected to remain in place until Monday.
Castro's indictment announcement coincides with a U.S. Department of Justice event at Miami's Freedom Tower honoring the victims.
Higher fuel and food costs are causing consumers to scale back on spending at restaurants, a trend that is also pinching local businesses and commercial fishermen.
The law builds on changes made in the public-school system after the 2018 mass shooting at Parkland's Marjory Stoneman Douglas High School.
The action reportedly stems from the shootdown of two airplanes belonging to the group Brothers to the Rescue 30 years ago over international waters.
The city recommended in an email that affected residents boil tap water before using it, a spokesperson told CBS News Miami. The order is expected to remain in place until Monday.
Castro's indictment announcement coincides with a U.S. Department of Justice event at Miami's Freedom Tower honoring the victims.
Higher fuel and food costs are causing consumers to scale back on spending at restaurants, a trend that is also pinching local businesses and commercial fishermen.
The law builds on changes made in the public-school system after the 2018 mass shooting at Parkland's Marjory Stoneman Douglas High School.
The action reportedly stems from the shootdown of two airplanes belonging to the group Brothers to the Rescue 30 years ago over international waters.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
In an interview with "Face the Nation," Gates said another mass exodus from Cuba is the "biggest risk."
In a move aimed at curbing the growing problem of "teen takeovers," D.C. U.S. Attorney Jeanine Pirro is threatening to bring charges against parents if their teens violate the local curfew.
The safety specialist's warning appeared in a memo describing how a mini-drone had detonated and injured an Army Special Forces soldier.
Sens. Tammy Duckworth of Illinois and Tammy Baldwin of Wisconsin say their concern is there may be more emergency exit doors than flight attendants in the event of an evacuation.
CBS News Miami has confirmed from multiple sources that the Miami Dade State Attorney's office is investigating A3.
State Senator Rosalind Osgood is urging Wasserman Schultz not to run in Florida's 22nd Congressional district.
In an interview on Facing South Florida, Wasserman Schultz said the Governor's efforts to redraw the maps will almost certainly violate the Fair Districts constitutional amendment voters in Florida passed in 2010.
Several commissioners have raised questions about how the center would be funded in future years.
The center – which was promised to voters back in 2004 – would take mentally ill individuals out of the jail and move them into a place where they can receive comprehensive treatment and support.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
The head of the World Health Organization says "our work is not over" to contain hantavirus after evacuations from a cruise ship hit by a deadly outbreak of the illness.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
In 2002, Zermeño found out he contracted hantavirus after cleaning the family house following the death of his mother and sister. He had been exposed to rodent droppings and became infected.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
"The Devil Wears Prada 2" edges out "Mortal Kombat II" at the North American box office this weekend.
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
The performance followed similar shows by Madonna in 2024 and Lady Gaga last year on one of the world's most iconic waterfronts.
Attending this year's Kentucky Derby meant more for thoroughbred expert Mark Toothaker, who suffered a seizure from laughing at a whiffed NFL field goal attempt that led to a lifesaving diagnosis.