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'Marketplace' Report: Credit Card Debt

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'Marketplace' Report: Credit Card Debt

Business

'Marketplace' Report: Credit Card Debt

'Marketplace' Report: Credit Card Debt

  • Download
  • <iframe src="https://www.npr.org/player/embed/17576904/17576882" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Credit card delinquencies have jumped 26 percent from a year ago, a recent Associated Press poll shows. Experts say the sub-prime mortgage meltdown is partly to blame as consumers turn to credit cards to cover expenses. Alex Chadwick talks to Marketplace's Steve Tripoli about the rising credit card debt and what it could mean to the nation's economy.