Americans rack up record levels of credit card debt, college athletics undergo massive changes with sweeping financial implications, and California’s electric vehicle rebate programs face significant setbacks. Get the facts first on Morning Wire.
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Oct 2024
1100: Americans Are Being Crushed by Credit Card Debt - Episode 1100
There’s a huge problem impacting our economy and we need to talk about it – Americans are absolutely drowning in credit card debt. In the fourth quarter of 2023, Americans’ total credit card balances increased by $50 billion, reaching a total of $1.129 trillion, according to data ... Show More
9m 17s
Jul 2021
Americans Taking On Auto Loans, Credit Cards at Record Rates
Now that pandemic restrictions are being lifted nationwide, consumers are borrowing money to spend on cars, vacations and more. Reporter AnnaMaria Andriotis joins host J.R. Whalen to explain how consumers' outlook on debt is changing. Plus, South Carolina resident Felipe Betancor ... Show More
13m 23s
May 2024
Gen Z is starting out with more debt
A recent TransUnion report shows borrowers aged 22 to 24 are carrying an average of roughly $2,800 in credit card debt — adjusted for inflation, that’s more than millennials in the same age range a decade ago. Then, an ad for Apple’s latest iPad has gone viral … for the wrong rea ... Show More
9m 50s