Americans owe more than $1 trillion to credit card companies, a record sum that’s likely to keep growing as rising interest rates prevent cardholders from paying down their debt. CNET’s Nick Wolny explains.
This episode was produced by Victoria Chamberlin, edited by Matt Collette, fact-checked by Laura Bullard and Amina Al-Sadi, engineered by Andrea Kristins ... Show More
Today
Our Great Big AI Freakout
Fears of impending AI doom have burst into the mainstream. They still might not be enough for Washington to regulate AI. This episode was produced by Kelli Wessinger and Hady Mawajdeh, edited by Jolie Myers, fact checked by Danielle Hewitt and Peter Balonon-Rosen, engineered by D ... Show More
25m 39s
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
Jan 2024
“More people are carrying more debt for longer”
Consumer credit jumped a whopping $23.7 billion in November, according to the Federal Reserve. That continues a trend of households struggling with high and rising prices, which is leading to a surge in debt and delinquencies. And it’s putting additional strain on families, espec ... Show More
8m 43s
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