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U.S. consumers have $986 billion in credit card debt

Name: U.S. consumers have $986 billion in credit card debt
Uploaded: 2023-05-26T17:44:45-0400
Duration: 3 min 34 s
Description: Americans now carry a record $986 billion worth of credit card debt, according to numbers from the Federal Reserve Bank of New York. CBS News MoneyWatch reporter Megan Cerullo explained the reasons behind the staggering number, and shared tips for reducing your debt.

Americans now carry a record $986 billion worth of credit card debt, according to numbers from the Federal Reserve Bank of New York. CBS News MoneyWatch reporter Megan Cerullo explained the reasons behind the staggering number, and shared tips for reducing your debt.