"Troubling Trend: 56 Million Americans Struggle with Long-Term Credit Card Debt Crisis"

Americans are increasingly carrying credit card debt, with a record total of $1.08 trillion in balances. More cardholders are carrying debt from month to month, and 56 million have been in debt for at least a year. The average credit card interest rate is now over 20%, making it difficult for people to pay off their balances. Experts recommend acknowledging the debt and interest rate, and utilizing 0% balance transfer cards to aggressively pay down the balance during the introductory period.