Money News: Conquer Your Part of $1.2 Trillion in U.S. Credit Card Debt
Understand the implications of Americans\u2019 $1.2 trillion credit card debt, the latest inflation stats, and SAVE plan news.\nAre you eligible for student loan forgiveness if you\u2019ve been on the SAVE plan? What do the Commerce Department\u2019s latest inflation figures mean for how much things cost? How can you pay off debt, which more Americans faced in 2023 than in the previous year? Hosts Sean Pyles and Anna Helhoski break down this week\u2019s headlines to help you understand how they could affect you \u2014\xa0and your wallet.\nYou\u2019ll learn about what makes certain people on the SAVE plan (Saving on a Valuable Education) eligible for student loan forgiveness, how recent inflation numbers could impact your expenses, and a reminder as to why you should be mindful of financial scams. Plus: longtime podcast host Sara Rathner joins Sean and Anna to discuss the results of NerdWallet\u2019s annual household debt study, providing essential insights into the challenges faced by those with revolving credit card debt and offering practical steps for navigating the complexities of household finances.\nIn their conversation, the Nerds discuss: personal finance news, NerdWallet\u2019s annual household debt study, credit card debt, student loans, student loan forgiveness, inflation, Commerce Department, interest rates, Andy Cohen, financial scams, debt management, debt crisis, the US economy, financial burdens, and managing household finances.\nTo send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.\nLike what you hear? Please leave us a review and tell a friend.