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