U.S. Markets closed

Why people with credit card debt are paying 18% more on everything

Believe it or not, Americans owe more than $1 trillion in credit card debt. And according to a new CreditCards.com poll, households with credit card debt outspend those without debt in most discretionary spending categories. What’s more, 18% of households with credit card debt are unwilling to cut back on any nonessentials like takeout and leisure travel. Yahoo Finance's Sibile Marcellus breaks it all down and talks to Dan Roberts, Akiko Fujita and Kristin Myers on "YFi AM."