According to a study released Monday, San Antonio leads the nation in credit card debt. While the city's residents and others across the country purchase less on their credit cards, it is still catching many in a vicious cycle.
Why is San Antonio running up such a bill? What resources exist in the community to help?
Guests:
- Kim Arispe, manager of workforce and financial sustainability at the Family Services Association of San Antonio, which partners with the city of San Antonio on its Financial Empowerment Centers.
- Matt Schulz, senior analyst for Bankrate.com, author of the study for creditcards.com