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Americans struggling with credit card debt, record number only making minimum payments
Posted
January 24, 2025
Views
64,845
Likes
845
Comments
327
Engagement
1.81%
January 24, 2025
64,845
845
327
1.81%
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2:19Now PlayingA report from the Philadelphia Federal Reserve shows a record-high number of Americans are only paying the minimum monthly payment on their credit card bills, peaking at nearly 11% of all accounts in the third quarter of 2024. Ted Rossman, senior industry analyst at Bankrate, joined CBS News to discuss the issue.
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