Americans Have More Credit Card Debt Than Ever

The collective credit card debt of Americans has reached an all-time high of $1.25 trillion. Soaring interest rates and stubborn inflation have also led more people to be late making their credit card payments or not paying at all. WSJ’s Dan Frosch reports on why that debt is growing and where people can turn for help. Jessica Mendoza hosts. Further Listening: Swipe, Spend, Repeat: The Perks Arms Race in Your Wallet Student-Loan Debt Is Strangling Gen XSign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices