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CNN CNN Newsroom With Christi Paul and Boris Sanchez June 4, 2024 14:23:00

Sd that s fantastic. that s a lot of money. sflp it s 40% higher than last year. reporter: in this financial environment, credit card debt is a compounding problem. today, families who struggle before the pandemic may be strug it willing again. she worries the credit crunch could expand into families who thought they had control of their debt. these are not costs that are super easy to cut. you don t just put less gas in your car will only get you so far. up next, the supreme court dealt a major blow to curb climate change. why experts say it will lead to serious environmental consequences, next. machine ....

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CNN CNN Newsroom With Fredricka Whitfield June 4, 2024 16:59:00

Of inflation, coy understand how that would make you feel helpless. the numbers show more families are reaching for the plastic these days. fed data released this month showed revolving credit, a measure of debt that mostly includes credit cards, reaching record highs in april. that s not necessarily bad, experts say. but christian holt, president and ceo of green path, works with people who are often overwhelmed by credit cards. and she s seen signs that is coming again. people who called us in 2021, on average had about $10,000 in credit card debt. so people on average calling us this month it is at $14,000. that is significant. that is a lot of money. it is 40% higher than it was last year. that to me is like, holy cow. kristen said in this financial environment, credit card debt is a compounding problem. today, families who struggled before the pandemic, may be struggling again. but christian worries that the ....

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CNN Don Lemon Tonight June 4, 2024 06:54:00

Showed revolving credit. a measure of debt that includes credit cards reaching record highs in april. now that s not necessarily bad. but president and ceo of green path works with people who are often overwhelmed by credit cards. and she is seeing signs that s coming again. people who called us in 2021 on average had about $10,000 in credit card debt. so people on average calling us this month. hit $14,000. that s significant. yeah. it s 40% higher than last year. that to me is like holy cow. in this financial environment, credit card debt is a compounding problem. today, families who struggled before the pandemic maybe struggling again. she worries the credit crunch could expand into families who thought think had control of the debt. these are not costs that are super easy to cut. you don t just put less gas in the car. it will only get you so far. ....

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CNN Don Lemon Tonight June 4, 2024 02:54:00

Ceo of green path, works with people who are often overwhelmed by credit cards, and she s seeing signs that s coming again. people who called us in 2021 on average had about $10,000 in credit card debt. so people on average calling us this month, it s at $14,000. that s significant. that s a lot of money. yeah, so it s 40% higher than it was last year. like that to me is like, holy cow. reporter: kristen says in this financial environment, credit card debt is a compounding problem. today families who struggled before the pandemic may be struggling again. but kristen worries the credit crunch could expand into families who thought they had control of their debt. these are not costs that are super easy to cut, you know, just putting less gas in your car will only get you so far. right. reporter: evan mcmorris-santoro, cnn, detroit. evan, thank you so much for that. so just how much pressure ....

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