Wire report
Credit card debt surges in U.S. as high interest rates make it harder to pay off
Americans owe more than a trillion dollars in credit card debt, up 60% from just five years ago. Meanwhile, higher interest rates make debt even more difficult to pay off, a downward spiral causing credit card delinquencies to surge. Economics correspondent Paul Solman explains.
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Americans owe more than a trillion dollars in credit card debt, up 60% from just five years ago. Meanwhile, higher interest rates make debt even more difficult to pay off, a downward spiral causing credit card delinquencies to surge. Economics correspondent Paul Solman explains.
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According to PBS News’s linked report, Credit card debt surges in U.S. as high interest rates make it harder to pay off, Americans owe more than a trillion dollars in credit card debt, up 60% from just five years ago. Meanwhile, higher interest rates make debt even more difficult to pay off, a downward spiral causing credit card delinquencies to surge. Economics correspondent Paul Solman explains.
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Primary source: Credit card debt surges in U.S. as high interest rates make it harder to pay off via PBS News. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- Credit card debt surges in U.S. as high interest rates make it harder to pay offPBS News - 2026-08-11T22:30:22+00:00
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