Ted Rossman

Ted Rossman, Senior Industry Analyst at Bankrate, sheds light on the alarming rise of U.S. consumer debt, now exceeding $1.2 trillion. He discusses credit card delinquency trends and the impact of 'Buy Now, Pay Later' programs, which complicate credit scores and borrowing. Rossman warns about phantom debt and urges families to boost financial literacy to navigate these challenges. He also shares insights on choosing the right credit card and emphasizes the need for personal responsibility in managing debts as economic pressures increase.