Nick Wolney, a finance journalist and managing editor at CNET, dives into the alarming state of America's credit card debt. He discusses the staggering rise in debt post-COVID and the harsh realities of high interest rates, now averaging 21.59%. Wolney highlights misconceptions about minimum payments and the long-term impact on consumers, particularly Gen Z. The conversation also explores the evolution of credit card interest rates, the rise of 'Buy Now, Pay Later' options, and the urgent need for financial literacy and policy reform.