Financial educator Ross Mac breaks down record credit card debt levels and outlines a simple fix for overspending on ‘The Bottom Line.’ #fox #media #breakingnews #us #usa #new #news #breaking #foxbusiness #thebottomline #economy #finance #debt #credit #money #inflation #interestrates #spending #consumer #america #financialeducation #budget #markets #business #economicnews #personalfinance

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A report from the Philadelphia Federal Reserve also shows a record-high number of Americans are only paying the minimum monthly payment on their credit card bills, peaking at nearly 11% of all accounts in the third quarter of 2024. Ted Rossman, senior industry analyst at Bankrate, joined CBS News to discuss the issue.

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Americans have racked up record levels of credit card debt, which is up 8 percent from a year ago. Many borrowers have fallen behind in paying their payments. NBC News’ Christine Romans reports.

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#CreditCard #Debt #Economy

Local money coach Lisa Chastain told Abel Garcia that nearly all of her clients are struggling with credit card debt and offers these tips to get those balances paid down.

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This week, for the first time, American credit card debt surpassed $1 trillion. Getting into credit card debt at any time is not good, but this is a particularly bad time to rack up debt.

https://abc7ne.ws/3QDJ0R8

#credit #creditcard #debt #interest #finance #abc #abc7news

The second part of 7.30’s economy series is about debt and how Australia’s become the world record holder.

Individually most of us owe a lot of money compared to what we earn, whether it’s stacked up on our credit cards or in our mortgages or other loans.

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