ABC News’ Perry Russom spoke with senior writer for Nerd Wallet Sara Rathner about why credit card debt continues to rise and ways to lower your balances.
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Blame the Trump voters people!!
Beginning of the end. But anything for Israel, right, even the US bankrupt itself. 😉
Many of the banks, financial institutions and certainly the polymarkets, crypo and hedge fund players have collaborated to keep people in debt so they can't afford housing, healthcare, transportation and sometimes food. These same players buy land, healthcare institutions, agriculture commodities, and natural resources to keep the people oppressed, in debt and dependent on their scrapes. This is being allowed, encouraged and support by our corrupt politicians, supreme court members, unethical, immoral business people and a system that favors money over people. History repeating itself, this is why the revolutionary war was fought.
I think the past 10 years folks were using their credit card as an extension of their money and purchasing things that we really could not afford and thinking we would have the job and the economy to keep doing it, but now it is all coming crashing down. It feels like if you were one of the people that got their act together and paid down consumer debt over the past few years then you will likely be ok because you cash reserves and access to credit if and when you need it, but for the rest of us if we have not done so then all of the interest is just piling up.
The entire America economy is about to collapse. And America will deserve it.
inability to budget when credit is infinite.
I get it & I do it or I don't live.
Row $611 pants are booked between 20 to 30 dollars. Shirts are about. You're wrong. 20 to 25 dollars, and that's if you're going to certain stores. And then it could be more, it could be less depending on what your budget
When I look at what Americans queue upto buy I know that they are not going to clear up their debt anytime soon .
Not this guy, I moved back to my parents' house after being laid off at 29 to save money. Tired of so much winning!
Tell me about it. ????
gambling on the rise
At least the billionaires are taken care of
The debt numbers are honestly hard to ignore. What happens if this keeps going?
Of course it is; certain government officials stole our money and printed their own. It's DOGE payment o'clock; it's illegal tariffs refund o'clock; it's essential workers hazard pay o'clock; and it's our wasted money from unnecessary inflation payback check o'clock time. No, this hasn't happened, even though they're building a failed coated reflecting pool, some Trump archway monument to himself, stupid foreign emoluments airplane refitting waste, excessive travel for golfing, and on and on and on. In the meantime, people are forced to charge necessities on credit cards. Follow the money.
40 Trillion in national debt. 120k a person. Screw you and your credit card debt.
Make bankruptcy great again! ????
This is another Crisis. Once Americans can't pay the minimum, Debt Crisis and bankruptcy will rise.
Are we tired of winning