Credit card debt reaches new high in pandemic

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Yahoo Finance’s Jennifer Schonberger sits down with Recording Academy CEO, Harvey Mason Jr., as they discuss the 2023 Grammy Awards, diversity in the Recording Academy, and challenges facing the music industry. 

Consumer credit jumped a whopping $23.7 billion in November, according to the Federal Reserve. That continues a trend of households struggling with high and rising prices, which is leading to a surge in debt and delinquencies. And it’s putting additional strain on families, espec ...  Show more

Americans rack up record levels of credit card debt, college athletics undergo massive changes with sweeping financial implications, and California’s electric vehicle rebate programs face significant setbacks. Get the facts first on Morning Wire. Learn more about your ad choices ...  Show more

Americans owe more than $1 trillion to credit card companies, a record sum that’s likely to keep growing as rising interest rates prevent cardholders from paying down their debt. CNET’s Nick Wolny explains. This episode was produced by Victoria Chamberlin, edited by Matt Collette ...  Show more

Now that pandemic restrictions are being lifted nationwide, consumers are borrowing money to spend on cars, vacations and more. Reporter AnnaMaria Andriotis joins host J.R. Whalen to explain how consumers' outlook on debt is changing. Plus, South Carolina resident Felipe Betancor ...  Show more