A version of this article first appeared in ″CNBC’s Money 101 newsletter with Sharon Epperson,″ an eight-week series with monthly updates to help improve your financial well-being. Sign up to receive the series, straight to your inbox. It is also available in Spanish.
Mounting debt has been hindering savings for many Americans.
About 71% of U.S. adults surveyed say monthly debt payments prevent them from building wealth or savings, according to a recent survey by the National Foundation for Credit Counseling. The NFCC survey of 2,010 U.S. adults was conducted by Harris Poll this spring.
Federal Reserve Bank of New York data shows credit card balances reached a collective $1.21 trillion in the second quarter of 2025 — up 2.3% from the previous quarter and in line with last year’s all-time high.
Here’s a look at more stories on how to manage, grow and protect your money for the years ahead.
