4.4 • 9.5K Ratings
🗓️ 12 June 2024
⏱️ 29 minutes
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0:00.0 | There was this brief moment a couple years ago when it looked like Americans just might finally get their credit card spending in check. |
0:08.0 | We were spending less during COVID and those federal stimulus checks meant a lot of us were actually making more money. |
0:14.0 | But then when those ended and inflation reared its ugly head and came back around, |
0:19.0 | it really caught people off guard and they're digging themselves deeper and deeper into debt in order to make |
0:23.8 | guns meet. |
0:24.8 | Over the past year and half, as Americans were putting more on their credit cards than ever |
0:29.1 | before, interest rates rose on those cards by nearly a third. |
0:34.0 | I could put all of my entire paycheck towards paying it off for the entire year, |
0:42.0 | and it would still take me about two years to pay it all off |
0:47.6 | plus interest so how Americans racked up over a trillion dollars in credit card debt and what'll take to get us out of it. |
0:56.0 | Coming up on today explained. Support for the show that comes from better help that wants to help you celebrate your wins. |
1:03.6 | Not everything has to be an L. There are lots of W's out there. They want me to tell you about one of my wins. |
1:08.0 | I read a book this year that I've been trying and read for eons. And I finally read it and it was incredible so grateful |
1:15.2 | Better Help wants you to celebrate your own wins and make some adjustments for the |
1:19.4 | rest of the year with better help online therapy. Visit Better Help. |
1:23.0 | Com slash Explain today to get 10% off your first month. |
1:26.0 | That's Better H-E-L-P. |
1:28.0 | Com slash Explained. |
1:30.0 | Support for this show comes from HubSpot. |
1:33.0 | More to-do's, less time, and an infinite number of tools to keep track of. |
1:38.0 | Doing business has never felt harder. |
1:41.0 | But you don't need a miracle to hit your goals. You just need |
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