"Credit card debt in the United States is at a record high. In the second quarter of 2025, credit card balances in the U.S. rose to $1.21 trillion, a 5.87% increase from a year ago, according to the Federal Reserve Bank of New York. With interest rates often up around 20%, credit card debt can be a pretty big hole in your financial boat that you'd be better off plugging to keep yourself afloat."
"In this one-month newsletter series, financial educators explain how to create a credit card payment plan that works with your budget, so you can save money and make a meaningful dent in your debt. To sign up for this newsletter series, click here and enter your email address. Over the course of a month, we'll send you a weekly newsletter with tips on how to save money to put toward your debt."
"Here's a sampling of what you'll get in your inbox: How to reframe your relationship with debt Moves you can take right now to slow down the growth of your debt How to save money in your budget to put toward your debt How to decide which card to pay off first Expert advice on how to stay off the hamster wheel of debt"
Credit card balances in the United States rose to $1.21 trillion in the second quarter of 2025, a 5.87% year-over-year increase. Interest rates on credit cards often approach 20%, significantly increasing the cost of carrying balances. Higher cost of living, rising inflation, and slowing job growth are contributing to more Americans falling behind on bills. A one-month, weekly educational program provides step-by-step financial strategies to create payment plans aligned with budgets, free up money to put toward balances, choose which cards to pay off first, slow the growth of debt immediately, reframe the relationship with debt, and use expert tactics to avoid recurring indebtedness.
Read at www.npr.org
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