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Credit card debt reaches $1 trillion in the midst of inflation and rising costs

For the first time in American history, people across the country owe more than a trillion dollars in credit card debt.

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Paying down charges as credit card debt reaches $1 trillion

“As the interest rates get higher and higher, it becomes harder and harder to pay down that debt,” says Thomas Nitzsche, a financial educator at Money Management International.

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New Data from Nonprofit Money Management International

The largest increase in debt distress is among young people, aged 18-29.

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New Data from Nonprofit Money Management International Shows a Growing Demand for Help with Rising Debt Across All Age Groups

New Data from Nonprofit Money Management International Shows a Growing Demand for Help with Rising Debt Across All Age Groups
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In debt? Morris man shares how he was able to pay off $25k in three years

Americans’ credit card balances are at an all-time high. Total debt now tops one trillion dollars, according to the Federal Reserve. And with student loan.

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