US household and credit card debt climbs to record high | GMA

US household and credit card debt climbs to record high | GMA



Americans owe a record amount on their credit cards as inflation makes it difficult to pay off balances.

Linda and Dave Murray share an urgent plea to other families after losing their 13-year-old daughter Cassidy last March while vacationing in Aruba. https://abcn.ws/3EcYaWG

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#creditcards #inflation #UShouseholds #gma

View Comments (31)
  1. HEAVEN OR HELL, YOU CHOOSE!
    Whoever repents of all his sins (turns from sins) and calls on the Name of the LORD, will be saved! He who died on a cross for the sins of the world, rose from the dead on the third day, and by His blood, whoever repents and believes, has full redemption of sins and eternal life!
    Today is the day of your salvation, repent and confess Jesus now as your Lord and be saved, because you broke the law but He paid your fine with His life's blood!

    For those with understanding: Matthew 24:40-41 will take place very soon, this is the sixth seal! This is the generation of the harpazo, rapture, and behold you will witness the trumpet blast that will make the sky recede as a scroll being rolled up! Therefore, be ready and be the five wise virgins, do not be the five foolish virgins! (Parable of the Ten Virgins.)

  2. 😂 cause people thinking they deserve more, when they don’t make enough! spend what little money they make anyway! they have bought a status they can’t afford to buy! 😮
    😂😂😂their inpatient!

  3. Well I guess Christmas 2923 will be very small because of these bad life choices you made when you put everything on your credit card that had an Adjustable APR

  4. You shouldn't be putting money into savings while having high interest credit card debt. You'll save more money lowering your credit card balance.

  5. My wife only allows us to have one credit card for renting a car and emergencies. She is better with money than I am.
    Other than for our home, we owe nothing to anyone. We worked through school without loans.
    Other people have more stuff than we do. But they are worried about making payments and we don’t.

  6. I am grateful I read Dave Ramsey who said never to have a credit card and to not fall for the trap. We are out of debt. Praise God. Don't give up, people. We can get out of hopeless places.

  7. The sad thing is nobody is talking about the comparison with rising debt and inflation. Maybe people are going further into debt just to survive. The old saying "robbing Peter to pay paul". This is only going to get worse

  8. People spend money they don't have then complain the economy sucks. No one is being financially smart and trying to save. Stores are packed, demand is high, the economy isn't bad, consumer spending is bad and people are financially irresponsible. Don't buy that new car that you're now paying double for, don't go out to the store to shop for wants, don't go eating out.

  9. Well when people unfortunately spend money they don't have on things they don't necessarily need what do you expect. On top of that you have Corporations using price gouging and hiding behind inflation while they make record profits. And everyday people are bombarded with commercials and ads telling them to buy this new thing.
    Welcome to the world people.

  10. What a bunch of bullshit! People are underemployed and don't have the financial resources to buy regular goods. The banks should FORGIVE the DEBT.

  11. People are using them to pay for groceries and gas. With zero regulations on price gouging, what do expect people to do?

  12. I have four rotating credit cards. And I always remind myself and others to spend what you have and not on what you want.

  13. So happy and proud of myself, not one credit card debt. . Going into retirement, I took Susie Oremen advice. Start retirement with no cc debt. Thank you Susie.

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