Credit card debt hit $1.21 trillion. Here's why 'no one should be surprised,' expert says.

Credit card debt hit a record $1.21 trillion — here's why 'no one should be surprised,' expert says

Credit card balances rose in the fourth quarter of 2024, the New York Fed found. Consumer spending continues to remain strong, despite high borrowing costs.

CNBC - Feb. 13

Credit card debt hit $1.21 trillion. Here's why 'no one should be surprised,' expert says.

Collectively, Americans now owe a record $1.21 trillion on their credit cards, according to a new quarterly report on household debt from the Federal Reserve Bank of New York.

NBC News - 6d

RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances

Robert F. Kennedy Jr.'s recent financial disclosures show a "massive" amount of credit card debt, according to experts.

CNBC - Feb. 7

Expert on why the Capital One-Discover merger could reshape credit card industry

The Capital One-Discover merger is a step closer to reality, with shareholder approval clearing the way for federal review. The deal would push Capital One ahead of Citi in the credit card ...

CBS News - 1d

You only need 2 or 3 cards to maximize rewards, says credit expert—here's how to choose

The key to building a credit card strategy is to tailor your card usage to how you already spend, experts say.

CNBC - Feb. 11

What is the rule of 72 for credit card debt (and why does it matter)?

The rule of 72 exposes the true cost of procrastination when it comes to credit card debt. Here's how it works.

CBS News - 2d

What is the credit card debt statute of limitations (and why does it matter)?

Understanding the statute of limitations on your credit card debt can have a big impact on how you handle it.

CBS News - 1d

3 things to say (and 3 not to) when asking for credit card debt forgiveness

The debt forgiveness negotiation process is a delicate dance, and just one wrong move could cause big issues.

CBS News - 5d

Credit card debt hits a new record high: 3 ways to tackle yours now

Credit card debt has skyrocketed in recent months, and if you're carrying a balance, it's time to fix the issue.

CBS News - 6d

One-third of Americans have more credit card debt than emergency savings: Survey

Millennials were most likely to have more debt than savings, with 42% falling into that category.

The Hill - 6d

How to Pay Off Credit Card Debt

A new report finds that people are spending more on their cards and paying down less. Financial experts offer tips for reducing that debt, starting with looking at your spending habits.

The New York Times - Feb. 7

3 simple ways to take control of your credit card debt this February

Between today's high rates and the recent uptick in spending, it's time to get your credit card debt under control.

CBS News - Feb. 11

Americans' credit card debt reaches new record high: Federal Reserve

Americans' household debt is at a new all-time high $18.04 trillion, according to a report released Thursday by the Federal Reserve Bank of New York.

ABC News - Feb. 13

Why you should consider debt relief this March

Several factors indicate a tough March for consumers with debt. Find out what you can do about it.

CBS News - 1h

RFK Jr. has questioned rising autism rates. Here's why experts say he's wrong

Robert F. Kennedy Jr. has questioned why autism rates have been rising over the last several years. Experts say he's missing nuance in these conversations.

ABC News - Feb. 13

Gold could hit $3,000 soon and $4,000 in 2026, this market pro says. Here’s why.

Yardeni: Inflation, tariffs, plus countries accumulating gold as a haven from U.S. sanctions.

MarketWatch - 5d

A new bill would cap credit card interest rates at 10%. Here's what that could mean for your money

A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.

CNBC - Feb. 7

Ronald Reagan’s budget czar warns of ‘Trump’s $30 trillion debt disaster’

David Stockman was the O.G. ‘DOGE’ hatchet man.

MarketWatch - 6d

Despite DOGE, Trump's agenda calls for adding trillions of dollars to U.S debt

WASHINGTON — President Donald Trump and his billionaire adviser Elon Musk have sent shock waves through the federal government by attempting to take a hatchet to certain agencies in the name of ...

NBC News - 1d

Does an ARM loan make sense this February? Here's what experts say

Depending on your financial goals and timeline, it could be worth getting an ARM loan this month, experts say.

CBS News - Feb. 12

Here’s How Remote Relationships Can Be Even Stronger Than In-Person Ones, According to a Communications Expert

A few small tweaks can mean much stronger relationships with remote employees or customers, says author Andrew Brodsky.

Inc. - Feb. 13

Joe Burrow makes a surprising pick for 2025 Super Bowl: QB says Chiefs-Eagles will come down to this one thing

The Bengals star is the only active QB who has beaten Patrick Mahomes in the playoffs

CBS Sports - Feb. 9

Lyft says rides have gotten cheaper. Here’s why investors are selling.

Ride-hailing platform Lyft Inc. on Tuesday rolled out a new buyback program, but its forecast for a key demand metric came in below Wall Street’s expectations, as it tries to stay competitive with ...

MarketWatch - Feb. 12

DOGE Puts $1 Spending Limit on Government Employee Credit Cards

The restrictions are already in place at the General Services Administration along with several other agencies. Soon they’ll roll out to most of the federal government, sources say.

Wired - 3h

Chappell Roan was one of the 25 million uninsured Americans — here’s why health coverage is still out of reach for some artists

Chappell Roan used her Grammy acceptance speech to call out record labels for not providing better protections for artists struggling to afford health care.

CNBC - Feb. 7

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