Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...
Credit card debt has been climbing steadily over the last several months, with Americans adding another $27 billion to their credit card balances in the second quarter of 2025 alone. In total, ...
Americans are feeling a credit crunch: U.S. consumers held a record $1.21 trillion in credit card debt in the second quarter of 2025, according to the New York Fed. Nearly half of cardholders carry a ...
High-rate credit card debt has become a crushing reality for millions of Americans, who added a collective $27 billion to their credit card balances in the second quarter of 2025. The total amount of ...