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.
Its tough news on inflation and according to a new Bankrate survey. One-third of Americans say they have more credit card debt than emergency savings. Bankrate Chief Financial Analyst Greg Mcbride explains the study's findings.
Ted Rossman, senior industry analyst at Bankrate joins CBS New York to discuss credit card debt.
The average American carries an estimated $6,000 in debt, but Rachel Lauren, founder of Debbie app, says there are ways to dig out.
The average American carries an estimated $6,000 in debt, but Rachel Lauren, founder of Debbie app, says there are ways to dig out. CBS New York's Dave Carlin reports.
"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.
A new report shows Americans are carrying a record amount of debt, and most of it is on credit cards. CBS2's Zinnia Maldonado spoke with experts for tips on how to pay it down.
The NYPD has announced street closures around Madison Square Garden for Taylor Swift and Travis Kelce's wedding.
It was not immediately clear how many Delaney Hall detainees were impacted by the air conditioning issue or whether repairs were complete.
New York City Zohran Mamdani remained unperturbed after taking a viral roasting for telling sweat-soaked New Yorkers in the middle of an expected heat wave to set their thermostats to 78° to protect the power grid.
Taylor Swift and Travis Kelce donated to 20 local and national charities ahead of their wedding Friday.
A fire department vehicle crashed into a Rockland County home early Thursday morning. Six people were taken to the hospital, including four volunteer first responders.
The NYPD has announced street closures around Madison Square Garden for Taylor Swift and Travis Kelce's wedding.
New York City Zohran Mamdani remained unperturbed after taking a viral roasting for telling sweat-soaked New Yorkers in the middle of an expected heat wave to set their thermostats to 78° to protect the power grid.
A fire department vehicle crashed into a Rockland County home early Thursday morning. Six people were taken to the hospital, including four volunteer first responders.
New York City Thursday tied the record high temperature of 100° set on this date in 1966. That was the last time we hit 100° in Central Park was in 2012.
Point Lookout and other areas on Lido Beach were immediately red-flagged for swimming after the shark was spotted in the water.
New York City Thursday tied the record high temperature of 100° set on this date in 1966. That was the last time we hit 100° in Central Park was in 2012.
The New York, New Jersey area is preparing for extreme heat as cooling centers, pools, parks and other resources get ready to keep residents cool.
Dangerously hot weather is beginning in the New York City area, with an Extreme Heat Warning about to go into effect.
Monday's severe weather has come and gone, but that doesn't mean the system is leaving the area.
After a tranquil, warm weekend, more turbulent weather lies ahead in the New York City area.
It was not immediately clear how many Delaney Hall detainees were impacted by the air conditioning issue or whether repairs were complete.
New York City Thursday tied the record high temperature of 100° set on this date in 1966. That was the last time we hit 100° in Central Park was in 2012.
Jersey City Mayor James Solomon is now lowering a proposed tax hike from 20% to 15%, but many residents says it's still a painful pill to swallow.
The National Weather Service has issued an Extreme Heat Warning for the entire region through Saturday. Temperatures could feel like 110 degrees or more.
The annual 3% increase affects trains, buses, light rail and the Access Link. It comes as commuters have been dealing with service issues.
New York City Thursday tied the record high temperature of 100° set on this date in 1966. That was the last time we hit 100° in Central Park was in 2012. CBS News New York's Lonnie Quinn, Doug Williams, Mahsa Saeidi, Dave Carlin and Christine Sloan have team coverage.
New York City Thursday tied the record high temperature of 100° set on this date in 1966. That was the last time we hit 100° in Central Park was in 2012.
Point Lookout and other areas on Lido Beach were immediately red-flagged for swimming after the shark was spotted in the water.
The National Weather Service has issued an Extreme Heat Warning for the entire region through Saturday. Temperatures could feel like 110 degrees or more.
A breakthrough treatment for debilitating tremors is changing lives. It can stop shaking caused by essential tremors and, in some patients, tremors caused by Parkinson's disease. CBS News New York's Carolyn Gusoff reports.
It was not immediately clear how many Delaney Hall detainees were impacted by the air conditioning issue or whether repairs were complete.
New York City Zohran Mamdani remained unperturbed after taking a viral roasting for telling sweat-soaked New Yorkers in the middle of an expected heat wave to set their thermostats to 78° to protect the power grid.
Jersey City Mayor James Solomon is now lowering a proposed tax hike from 20% to 15%, but many residents says it's still a painful pill to swallow.
Investigations are underway into possible fraudulent activity at some of these kinds of facilities across New York, CBS News has learned.
Mayor Zohran Mamdani will give a major speech in front of the George Washington desk at City Hall on Friday morning to mark America's 250th birthday, sources say.
A federal judge has temporarily blocked the Justice Department from executing subpoenas in a criminal probe that sought transgender care records for patients treated at New York hospitals.
An off-duty EMT jumped into action at the Knicks parade Thursday when a man appeared to be suffering from an overdose.
New York broadcast giant Bill Ritter announced Friday he is stepping down from the WABC anchor desk after being diagnosed with early stage Alzheimer's.
For half a century, The Valerie Fund has been dedicated to providing care to children with cancer and blood disorders.
A New Jersey nonprofit called The Valerie Fund is celebrating 50 years of providing comprehensive care to children with cancer and blood disorders.
The NYPD has announced street closures around Madison Square Garden for Taylor Swift and Travis Kelce's wedding.
Taylor Swift and Travis Kelce donated to 20 local and national charities ahead of their wedding Friday.
Two elite event designers shared their thoughts on how Taylor Swift's team might transform Madison Square Garden.
Victor Willis, lead singer of the disco group Village People, whose hit "Y.M.C.A." became a fixture at rallies for President Trump, has died at the age of 74, his wife and the band said.
Taylor Swift has had a decadeslong history with Madison Square Garden, performing there as early as 2003 and even celebrating her 30th birthday at the venue.
Folarin Balogun got the scoring going with a goal in the 45th minute, but was sent off with a controversial red card in the 64th minute.
Camilo Doval forced in the go-ahead run with a bases-loaded walk in a four-run 11th inning that gave the Tigers a 6-2 victory over the Yankees on Wednesday.
Sean Keys hit his first career home run, Myles Straw added a pinch-hit shot and the Blue Jays beat the Mets 9-3 in a Canada Day matinee Wednesday.
The Boston Celtics have reportedly signed NBA free agents Mitchell Robinson and Mike Conley Jr.
Riley Greene hit two of Detroit's four homers off Cam Schlittler as the Tigers beat the Yankees 9-3 on Tuesday night and sent New York to its season-worst sixth straight loss.
As children cooled off in a splash pad steps from the empty Red Hook Pool, families in the neighborhood said they are once again waiting for answers about when the public pool will open for the summer.
Miss Subways was a citywide contest that highlighted everyday New York women doing amazing things. The competition no longer exists but former titleholders say the message still rings true.
Fans gathered at the Brooklyn Public Library on Thursday for limited-edition card marking 30 years of "Reasonable Doubt."
After learning to swim in her 40s, one school leader is helping students gain life-saving skills.
Entrepreneurs in Brooklyn are reimagining laundry day as a social experience, turning neighborhood laundromats into gathering spaces.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Lifeguards and beachgoers scrambled after a shark sighting caught everyone's attention. CBS News New York's Dave Carlin reports.
A section of the controversial ICE detention center in Newark was without air conditioning amid dangerous heat. CBS News New York's Mahsa Saeidi reports.
New York City Thursday tied the record high temperature of 100° set on this date in 1966. That was the last time we hit 100° in Central Park was in 2012. CBS News New York's Lonnie Quinn, Doug Williams, Mahsa Saeidi, Dave Carlin and Christine Sloan have team coverage.
Sail4th 250 will feature an international parade of ships with vessels from 40 countries on the Hudson River.
Sources say a rehearsal dinner and wedding will be happening at Madison Square Garden with security heavy in and around the arena. CBS News New York's Natalie Duddridge reports.
