Stretching Your Dollar: How to Manage Mounting Credit Card Debt
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.
The U.S. added 142,000 jobs in August, below expectations. The unemployment rate fell to 4.2%. The cooling job market raises chances for an interest rate cut.
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Find out what Gen Z is saying about how money equates to happiness from Voya Financial and what they think they need to start saving for retirement. Watch!