Credit card record

 I read this week from the Federal Reserve Bank of New York that collectively, Americans now owe a record $1.14 trillion on their credit cards. Credit card balances rose by $27 billion in the second quarter of 2024, a 5.8% jump from a year ago. These days, 57% of consumers rely on credit cards to make ends meet. Half of credit card holders carry debt from month to month. Now there’s no easy answer to eliminate credit card debt but you can start by finding a payment strategy that works for you. Consider debt consolidation, work with your creditors, seek help through debt relief, and lower your living expenses. The first step is recognizing you need help. There’s many wonderful resources out there from the Federal Trade Commission, to Bankrate, the American Bankers Association and more. If you have questions go to yoursafemoneyshow.com.