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PBS News Hour

Credit card debt rises as high rates make it hard to pay off

Season 2026 Episode 164 | 7m 09s

Americans owe more than a trillion dollars in credit card debt, up 60% from just five years ago. Meanwhile, higher interest rates make debt even more difficult to pay off, a downward spiral causing credit card delinquencies to surge. Economics correspondent Paul Solman explains.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
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PBS News Hour
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What to know as your driver's license gets a digital upgrade
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PBS News Hour
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Top adviser to Iran's Revolutionary Guard leader sits down for rare interview
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PBS News Hour
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How a catering truck helped Trump secretly switch planes amid threat from Iran
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Clip: S2026 E163 | 3:17