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.
Reported by 2 outlets — PBS NewsHour, CNBC Top News. See all sources ↓
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.
Read the full report at PBS NewsHour ↗
Why it matters
2 outlets are covering this world story — one to watch as reporting develops.
- What's the story?
- 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.
- How widely is it covered?
- 2 outlets, average source rating 7.5/10.
- When was it last updated?
- 15m ago.
How outlets are framing the same story
Here's how each outlet is covering the story — compare their headlines and timing at a glance.
- Coverage card2 outlets1CoverageScouting report
Credit card debt climbs to $1.26 trillion as ‘K-shaped’ divide persists, New York Fed research finds
Sources2TypeCoveragePBS NewsHour
CNBC Top News