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For us, right? it was for me. no, for me, too. i keep looking at it and i m like, it seems like it was yesterday, but actually, it was a lot of yesterdays ago, don. but for a lot of people who are dealing with their student loans, it s making it seem like college was maybe a long time ago, but a painful time ago, because student loan debt has hit a record high, and it now exceeds credit card debt in this country. so student debt now stands at take a look at this, $850 billion, according to financial aid website fin aid.org. total credit card debt is about $828 billion. so what s behind this trend? for one thing, people are cutting back on credit card use. we have been hearing about that all year, right, don? falling for 23 months in a row, people are like, i don t know what s going on with the economy, i m not going to just bank on money being there, i m going pay for things straight out. and at the same time, college costs are rising, about 5% a year, and that means more borrowing. ....
Gecko: um.maybe that one. dance music boss: ok, let s keep rolling. we re on motorcycle insurance. vo: take fifteen minutes to see how much you can save on motorcycle, rv, and camper insurance. and i was a pack-a-day smoker for 25 years. i do remember sitting down with my boys, and i m like, oh, promise mommy you ll never ever pick up a cigarette. and brian looked at me at eight years old and said, promise me you ll quit. i had to quit. my doctor gave me a prescription for chantix, a medication i could take and still smoke, while it built up in my system. [ male announcer ] chantix is a non-nicotine pill. that stays with you all day to help you quit. in studies, 44% of chantix users were quit during weeks 9 to 12 of treatment, compared to 18% on sugar pill. it s proven to reduce the urge to smoke. ask your doctor if chantix is right for you. and find out how you can save money on your prescription at chantix.com. some people have had changes in behavior, ....
You have seen the numbers. today we re bringing you the faces behind those numbers. i live on approximately $5,000 a year. sometimes i have to skip a meal to make sure i can save the money so that my son brian has what he needs. z. you re online right now, and we are, too. ines ferre is following what s hot. don, this is from cnn.com. you thought unicorns were from fairy tales. scientists confirm the sighting of a rare animal, sometimes known as an asian unicorn. also, lady gaga picking up the phone ask calling up senators, she even recorded this message for congress. i ll tell you about this later. don? all those stories coming up. thank you, ines. straight to our top story right now. jurors get a break today after seeing horrific crime scene photographs from a deadly home invasion in connecticut. one of the two suspects is on trial. photographs of a doctor s wife and two daughters raped, murdered and torched bodies brought most of the jurors to ....
ben, how many days has it been? 5 days, mom. 10 days, mom. i think after 30 days he got tired of counting. [ male announcer ] talk to your doctor about chantix. find out how you can save money on your prescription and learn terms and conditions at chantix.com. here s what a new report shows. it found one in six americans living in poverty. that s nearly 44 million people. it is the highest number in 51 years. the census report says children are suffering the most, one in five are living in poverty. but the numbers don t give us the entire story. a face behind the statistics. poppy harlow spoke with a brooklyn woman who is fighting to get out of poverty. reporter: president obama said today, the number of people living in america in poverty is unacceptably high. this is true. poverty is really very serious. it s very demoralizing. it s made to feel demoralizing. ....
Second. now, you might think this is going to freak out a lot of students. that s actually not really what we found out when we talked to some students here in new york. i think when i become successful, i ll be able to pay them off. but i m i mean, it s always a little worrying that you have this massive debt on you. hopefully i can get a nice job that i can pay it off in time. with what i m in loans, i need to have, like, a very well-paying job by the time i m, you know, in my mid 20s to start paying it back. i know that my job prospects of graduation are much higher, so the price will hopefully be worth it. so they always say you make more money if you go to college, right? but here s the thing. jobs are not as easy to come by these days. so more students are having trouble paying off their debt. the default rate on federal student loans recently hit 7%, and that s the highest since 1997, don. that s a lot of money. i know some of my friends, the overachievers, the ....