News12 New York
Where to Watch
Download the App
Local
Crime
Weather
beWell
The East End
Crime Files

Money With Marty: Why is credit card debt at an historic high?

Elizabeth Hashagen talked to CPA Marty Cantor to talk about what’s behind the staggering numbers.

News 12 Staff

May 23, 2023, 10:27 AM

Updated

Share:

More Stories

Are you drowning in debt? You’re not alone.

Credit card debt is reaching an all-time high. 

Americans racked up more debt at the beginning of 2023, and a growing number of households fell behind on payments for several types of loans, according to new data from the New York Federal Reserve.

Elizabeth Hashagen talked to CPA Marty Cantor to talk about what’s behind the staggering numbers.

More Stories

More From News12

App StoreGoogle Play Store

info

Newsletter

Send Photos/Videos

Contact

About Us

News Team

News 12 New York

follow us

Twitter

Facebook

Instagram

more resources

Optimum Corporate

Optimum Service

Advertise on News 12

Careers

Content Removal Policy

© 2026 N12N, LLC

Privacy Policy

Terms of Service

Ad Choices