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

by MOEPP



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

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31 comments

Jonathan Torres 🕎✝️ February 17, 2023 - 3:04 pm

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.)

ParaPax February 17, 2023 - 3:12 pm

More video from Ukraine war on my channel ❤️ welcome guys 🔥

R. O. February 17, 2023 - 3:18 pm

😂 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!

Ryan February 17, 2023 - 3:27 pm

Wel this makes me feel less bad about it atleast

MsSarcasticity February 17, 2023 - 3:29 pm

You guys think theres a large amount of the population with credit card debt AND a savings account?

MNY5506 February 17, 2023 - 3:35 pm

0 Debt. If I don’t have cash I won’t buy it.

Noneshere February 17, 2023 - 3:39 pm

What do you expect out of a debt based currency like the dollar is

JogBird February 17, 2023 - 3:42 pm

i see $100k pick up trucks and SUVs wherever i go.. and the latest iphone and samsung phones

crap cutter February 17, 2023 - 3:51 pm

Yup, and democrats lie that things are going great. Wake up citizens.

John Smith February 17, 2023 - 3:52 pm

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

TechnologyKing February 17, 2023 - 3:52 pm

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.

Thomas Williams February 17, 2023 - 3:55 pm

THANKS OBIDEN, FOOKING TRAITOR!!!

Make Racists Afraid Again February 17, 2023 - 3:55 pm

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.

Adam Wilde February 17, 2023 - 4:04 pm

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.

Lori B February 17, 2023 - 4:05 pm

Great job Biden!!

pittsburghblauck February 17, 2023 - 4:08 pm

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

tiffany curtis February 17, 2023 - 4:10 pm

Lets go Brandon

schwartzy business February 17, 2023 - 4:32 pm

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.

Something Something Danger Zone February 17, 2023 - 4:34 pm

Strongest Economy Ever 🤣

Roxanne M. February 17, 2023 - 4:36 pm

Do people in the US know this doesn’t happen in other developed countries?

b.visconti February 17, 2023 - 4:41 pm

The freedom you feel paying off your credit cards is undescribable..get going!

Brien Doyle February 17, 2023 - 4:46 pm

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.

DOom ドゥーム February 17, 2023 - 4:49 pm

Now this is news I can get behind

Ben February 17, 2023 - 4:49 pm

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.

Minor Perez February 17, 2023 - 4:55 pm

The US debt has climbed to a records high looks like everyone is spending what they don't have lol

NO WAY February 17, 2023 - 5:21 pm

Biden “Come on man, I don’t care”

Velshock February 17, 2023 - 5:22 pm

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

Jimmy Timmy February 17, 2023 - 5:33 pm

Thank capitalism

Noname February 17, 2023 - 5:34 pm

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

Evan Davis February 17, 2023 - 5:41 pm

Don’t borrow money. If you can’t afford something then don’t buy it. It’s a revolutionary idea I know 🤦🏾

Madeline Menor February 17, 2023 - 6:24 pm

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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