Americans optimistic about paying down debt in 2025

U.S. collective credit card debt swelled to more than $1 trillion in 2024. The median U.S. credit card debt was higher than any other country in the world — nearly $6,000 per household, more than double that of second place, Japan. A new survey finds that reducing personal debt is a top financial goal for many Americans in 2025. The survey also shows they feel optimistic that it can be done. Karina Mitchell reports. Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.