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Credit Card Debt Hits Record High
Credit card debt hits record highs as Americans owe $1.25 trillion—with 13% of balances now 90+ days late, the worst since 2008. Rising interest rates, stubborn inflation, and soaring essentials like food and housing are forcing families to prioritize basics, pushing credit cards to the back burner. Middle-class households are drowning in “survival debt,” turning to counseling services up 24% in just one month. The average American carries $6,700 in debt—with more than 10K owed becoming the new norm. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/644cc3187042d228
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