Seeking Solutions To America's Consumer Debt Crisis

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.4 • 1.7K Ratings

🗓️ 26 December 2023

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Americans’ New Year’s resolutions list, but many aren’t confident they can turn their money situation around. Especially as credit card interest rates soar past twenty percent and Americans across the country rake up historically high amounts of debt, many aren’t sure where to begin. On The Rundown, personal finance expert George Kamel breaks down why so many Americans are facing extreme amounts of debt and what steps they should take to regain control of their finances. 2023 had some dismal moments. Every year does. But on the FOX News Rundown, we’re always looking for some positive stories to tell, and today, we revisit our interview with the President of the Mississippi Association of Educators, Erica Jones. Mississippi students had some of the lowest test scores in the country. But over several years, Jones helped her state turn things around pretty dramatically. Jones told us her inspiring story and what other states could learn from Mississippi. Plus, commentary from FOX's Will Cain. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Spark your creativity with the Sims. Sometimes you might feel like you're not creative
0:07.0	and you have to go in search of your creative spark again. Maybe this is catching up with creative
0:11.9	friends, experimenting with a new look or trying out a new recipe.
0:16.0	And thanks to The Sims, inspiration is just one game and one spark away.
0:21.0	Ready to spark something? Download the Sims 4 and play for free.
0:27.0	I'm Sean Duffy. I'm Harris Faulkner. I'm Ben Dominic and this is the Fox News rundown.
0:34.0	Tuesday, December 26, 2023 and Lisa Brady.
0:41.0	If you're in search of New Year's financial resolutions, debt might be a good starting point.
0:47.0	It's stealing from our paychecks and stealing from our margin every month.
0:50.0	And if we didn't have any debt payments, we could sure afford groceries and rent a whole lot easier.
0:55.0	I'm Jessica Brozenthall.
0:57.0	One state with some of the highest poverty rates and lowest test scores in reading and math is moving in the right direction. It took a village
1:04.6	and some money but kids in Mississippi are giving the whole country hope.
1:08.1	If we stick to something long enough we can change America. We can change the world and we're doing that one day at a time here in Mississippi.
1:17.0	And I'm Will Kane and I've got the final word on the Fox News rundown. There's not a lot of optimism for 2024 when it comes to personal finances in a new
1:30.8	bank rate survey at least. Nearly two-thirds of Americans do not expect their personal
1:36.4	financial situation to improve, with most over 60 percent blaming continued high inflation
1:42.4	for that.
1:43.0	Though that hasn't stopped America's spending spree.
1:46.0	I think what's happening is you're seeing all these headlines coming out
1:51.0	about the World War III, the end of the world.
1:54.0	Jeff Cica, founder of Circle Square, alternative investments.
	...

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