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
For many Uruguayans living in South Florida, the match represents an opportunity to celebrate their heritage, share traditions with younger generations, and support a team that has long been a source of national pride.
Six men are in custody, accused in a bizarre kidnapping that began on Hollywood Beach in late May.
The arrests of 12 men this week followed a warning issued last month by federal agencies about a potential surge in human trafficking ahead of the World Cup.
The patient, Greyson Gonzalez, lives on the west coast of Florida but was born in New York, where he was first diagnosed with a ventricular septal defect—essentially, a hole in his heart.
The mother of a 17-year-old girl is speaking out exclusively to CBS News Miami after a $20 million lawsuit has been filed against her daughter's former private school after a security guard was charged with engaging in an unlawful sexual act with the teenager.
George Pino is facing manslaughter and vessel homicide charges after the boat crash near Boca Chita Key in Biscayne Bay in 2022.
For many Uruguayans living in South Florida, the match represents an opportunity to celebrate their heritage, share traditions with younger generations, and support a team that has long been a source of national pride.
Six men are in custody, accused in a bizarre kidnapping that began on Hollywood Beach in late May.
The arrests of 12 men this week followed a warning issued last month by federal agencies about a potential surge in human trafficking ahead of the World Cup.
The patient, Greyson Gonzalez, lives on the west coast of Florida but was born in New York, where he was first diagnosed with a ventricular septal defect—essentially, a hole in his heart.
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.
Multiple floors of the Pentagon were locked down for several hours Thursday morning and hazmat crews were deployed for what authorities had described as a "hazardous materials incident."
Florida Attorney General James Uthmeier reported a net worth of $1.27 million in a newly filed financial disclosure, showing an increase from last year.
Cuba's top diplomat to the United States says recent sanctions targeting the island's leadership and the indictment of former President Raúl Castro are a "pretext" for the Trump administration to persuade the American people to support a U.S. military intervention in Cuba.
A new analysis warns a proposed FEMA overhaul by a Trump-appointed panel would limit access to disaster aid for survivors, shifting the burden to state and local agencies amid hurricane season.
The House passed Republicans' $70 billion bill to fund immigration enforcement agencies for the rest of the Trump administration.
Florida House Speaker Danny Perez denied claims his nomination as U.S. ambassador to Brazil was tied to Florida's recent redistricting effort.
Moskowitz provided CBS News Miami with copies of virulent, antisemitic voicemails his office has received.
Critics argue his plan will decimate cities, counties, and local school districts.
Enrique Tarrio said since President Trump announced the formation of the fund, he has been inundated with calls from others convicted for January 6 related activities.
Commissioners voted to allow the review, saying if that was the only way to move the project - designed to help people with mental illnesses caught in the criminal justice system - then so be it.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
U.S. government plans to open a quarantine center for Americans exposed to Ebola on an air base in Kenya have been temporarily halted by a court order.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
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.
With matches being played in 11 cities across the U.S., Mexico and Canada, fans are getting three World Cup opening ceremonies.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Federal prosecutors have indicted ex-Miami Heat guard Terry Rozier on additional charges related to a sports gambling sting.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.