Credit Card Debt is SPIRALING out of Control in 2025...

Credit card debt in America just hit $1.2 trillion — an all-time high. This isn’t just about bad habits or impulse buys. It’s about everyday people trying to survive inflation, keep up appearances, and buy groceries in a broken financial system. With interest rates averaging over 23%, and many people paying closer to 30%, minimum payments are no longer a lifeline — they’re a trap. From Gen X carrying the highest balances to Millennials and Gen Z spiraling into debt the fastest, we’re watching a generation normalize credit card dependency like it’s just part of adulthood. In this episode of The Edwards Report, we expose how social media, financial illiteracy, and cultural pressure are fueling a credit card crisis that’s robbing families of peace and financial freedom. We’ll break down why budgeting isn’t optional, why paying more than the minimum changes everything, and how to negotiate with your lender before it’s too late. Most importantly, we’ll offer God’s blueprint for escaping debt, renewing your mindset, and building a life of discipline and contentment — not comparison and chaos. If you’re serious about breaking free, this is where it starts. subscribe at: https://theedwardsreport.com chapters: 00:00 22 YEARS until Payoff... 01:57 Come to Jesus Moment 03:33 18 y/o TERRIBLE Credit Decisions 05:46 Only Paying the MINIMUM 06:35 HOW I Got into $23,000 of Credit Card Debt 08:19 It's Getting Really Bad... 09:46 This is INSANE 10:54 Ballooning to $14,789 in Debt 13:15 Student Loans better than Credit Card Debt? 14:54 Let's go deeper... 15:53 The Internal Debt Cycle 17:05 This made me SICK 18:45 "I'm GOOD with Money" 20:25 A LOT OF DEBT 21:37 Solutions #creditcarddebt #creditdebt #creditcard tags: credit card debt 2025, record credit card debt, average credit card balance 2025, credit card interest rates 2025, APR trap, debt snowball, how to pay off credit cards, balance transfer tips 2025, budgeting tips 2025, living paycheck to paycheck, credit card minimum payment trap, lifestyle creep debt, credit card crisis explained, inflation and debt, broke because of credit cards, debt freedom 2025, tiktok financial lies, spiritual side of debt, credit cards vs cash, how to stop using credit cards, Proverbs 22:7 debt, financial repentance, debt solutions 2025, break the cycle of debt, credit card reality check chapters: