Ted Rossman, senior industry analyst at Bankrate, joined Cheddar News' 'Stretching Your Dollar' show to talk about the mounting debt among Americans. Credit card debt hit a record high at over a trillion dollars and according to Rossman, emergency expenses are one of the biggest culprits in debt accumulation.
Share:
More In Business
Stop What You're Doing: The IRS has $1 Billion in Unclaimed Tax Returns, But Time is Running Out to Collect
The federal tax collector said Monday that roughly 940,000 people in the U.S. have until May 17 to submit tax returns for unclaimed refunds for tax year 2020, which total more than $1 billion nationwide.
Maybe Don't Take on Disney, Ron? Settlement Reached Between Florida and the Famed Theme Park
Allies of Florida Gov. Ron DeSantis and Disney have reached a settlement agreement in a state court fight over how Walt Disney World is developed in the future.
New York Liberty CEO: Caitlin Clark Is a ‘Generational Talent’
Ahead of the WNBA season and in the midst of March Madness, New York Liberty CEO Keia Clarke discusses the team’s new deal with Barclays and bringing even more attention to women’s sports.
How 776 Is Reshaping Venture Capital
776 Founding Partner Katelin Holloway talks about the firm’s investment strategy and what’s to come.
Get an Early Look at the New York Auto Show
U.S. Nissan head Jérémie Papin joins from the New York International Auto Show to give a preview of what’s to come from the carmaker – including the 2025 Nissan Kicks.
Meet a One Percenter Paying it Forward to the Tune of Millions
Ed Mitzen, the CEO of Business for Good, explains how and why he’s giving back by funding businesses from marginalized entrepreneurs to push social change.
Huge Election Year Could Create Volatility in the Market
Dana D’Auria, co-CIO at Envestnet, breaks down how she’s expecting markets to perform as ‘cracks’ from the rate hike cycle slowly filter into the economy.
What We Know About the Baltimore Bridge Collapse
A large cargo ship lost power and issued a mayday call moments before it struck the Francis Scott Key Bridge early Tuesday, though it was still moving toward the span at a rapid speed.
Can a Driverless Taxi Survive the Streets of L.A.? (Can Its Passenger?)
On the next episode of "I Survived..."(Getty Images)
