Watch CBS News

Many Americans overextending credit card limits, especially young people

As people are spending more money, they're accumulating more debt. To make matters worse, many are overextending on the amount they are borrowing -- especially younger people. CBS News Miami's Ivan Taylor spoke with people who feel the strain of their credit limit and a financial expert on how to handle their debt.
View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.