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Credit Card Nation: How we went from record savings to record debt in just two years

05:15

Stacey Vanek Smith

March 08, 2023

A change in fortune: In just two years, Americans have gone from near record savings and plunging debt, to near record-low savings and sky rocketing credit card debt. What happened? (Getty Images)

Related:

Despite high inflation, Americans are spending like crazy — and it's kind of puzzling
Americans are paying more and getting less as inflation hits home
In a year marked by inflation, 'buy now, pay later' is the hottest holiday trend

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