Americans struggling with credit card debt, record number only making minimum payments

May Be Interested In:Crumbling NHS hospitals infested with vermin are leaving patients fearing their care is unsafe, poll reveals


Americans struggling with credit card debt, record number only making minimum payments – CBS News

Watch CBS News


A 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.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.


share Share facebook pinterest whatsapp x print

Similar Content

Kat Dennings: 'Casting directors called me fat when I was a child'
Kat Dennings: ‘Casting directors called me fat when I was a child’
Gospel Legend Mavis Staples Comes 'Full Circle'
Gospel Legend Mavis Staples Comes ‘Full Circle’
TikTok could shut down unless Supreme Court blocks or delays U.S. ban
TikTok could shut down unless Supreme Court blocks or delays U.S. ban
In the quest to appease Israel, the media undermine our basic rights
In the quest to appease Israel, the media undermine our basic rights
Are Lemon And Chia Seeds Mixed With Water Good For Weight Loss?
Blue Jays sign Hoffman to three-year-deal  | Globalnews.ca
Blue Jays sign Hoffman to three-year-deal | Globalnews.ca
Revealing the Facts: Today's Critical Headlines | © 2025 | Daily News