Medical Debt, Student Debt, and Credit Card Debt: Key Insights for Financial Stability

Thursday, 6 November 2025, 14:40

Medical debt, student debt, and credit card debt have surged as Americans face unprecedented financial challenges. This article provides crucial insights and tips for managing these debts effectively. Learn how to tackle your debt and regain financial control.

Cbsnews — Medical Debt, Student Debt, and Credit Card Debt: Key Insights for Financial Stability

Understanding Rising Debt Levels

The recent Federal Reserve report highlights a concerning trend: total household debt reaching over $18 trillion. This figure underscores the burden of medical debt, student debt, and credit card debt on American families.

Key Types of Debt Affecting Americans

Medical Debt: Increasing medical expenses contribute to financial strain.
Student Debt: Rising tuition costs continue to impact recent graduates.
Credit Card Debt: High-interest rates compound the challenges posed by this form of debt.

Tips for Managing Debt

Prioritize high-interest debt, such as credit cards.
Consider refinancing options for student loans.
Seek assistance programs for managing medical debt.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.