Credit Card Debt In U.S Tops $1 Trillion

Since the start of the pandemic, people have opened more than 70 million new credit card accounts. In addition to the quantity of cards, interest rates have also been rising, reaching 22.2% in May. Reset talks to Michelle Singletary, personal finance columnist with the Washington post, to learn what this means for the average consumer and best practices for navigating and paying credit card debt.