American credit card debt passes $1 trillion
American credit card debt passed $1 trillion this week, having broken the previous record for national credit card debt a few months ago. To put that in perspective, $1 trillion in bills end to end would stretch past the sun from Earth.
It’s another milestone that appears alarming on the surface — but what is the story behind that debt?
We find out from Washington Post personal finance columnist Michelle Singletary as well as getting advice on how to handle debt.
This article was originally published on WBUR.org.
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