Get 83% off Private Internet Access with 4 months free at https://PIAVPN.com/DavidLinTed Rossman, Senior Industry Analyst at Bankrate, breaks down the growing U.S. consumer debt crisis, including the rise of credit card delinquencies and the evolving impact of Buy Now, Pay Later on credit markets.*This video was recorded on July 8, 2025.Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW TED ROSSMAN:X (@TedRossman): https://x.com/tedrossmanBankrate website: https://www.bankrate.comFOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at [email protected]*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro.1:09 - BNPL and FICO scores4:30 - More access to credit?7:20 - Phantom debt8:39 - Household debt trends and data14:07 - Forced to use credit cards?16:16 - Comparing US debt to other countries23:43 - Broader debt problems26:58 - What should families do to prevent credit problems?28:54 - Bankruptcy vs. Other options31:09 - Political will34:00 - Rates35:50 - “Leaving room for personal responsibility”37:56 - Picking the right credit card#debt #economy #credit