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.
