90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
The Next Credit Crisis?
(AP Photo)

(AP Photo)

Easy consumer credit is nothing new, but Americans are turning to their credit cards as never before — and racking up debt at unprecedented rates.

Never before, we’re told, have so many Americans owed so much at such high interest rates. And with mortgage troubles deepening, and the economy struggling, some fear personal debt could be the next shoe to drop.

Last week, the House Judiciary Committee voted to move forward with a bill that would rein in the American credit card industry, but consumer advocates say Washington isn’t going far enough to tame an unruly credit-card industry. What can consumers, lenders, and the government do to avert a crisis?

This hour, On Point: You’re pre-approved! Credit cards, consumers, and a nation in debt.

You can join the conversation. Are you in debt on your credit cards yourself? If so, have you been splurging, or are you using your credit cards just to survive?

Guests:

Joining us from Cambridge, Mass., is Elizabeth Warren. She’s the Leo Gottlieb professor of law at Harvard Law School, and an expert on credit card debt and bankruptcy. She’s written several books, most recently “All Your Worth: The Ultimate Lifetime Money Plan” which she co-authored with her daughter Amelia Warren Tyagi.

Joining us from Portland, Oregon, is J.D. Roth. He’s the man behind the well-known personal finance blog “Get Rich Slowly.” The blog started out as a chronicle of how he himself overcame $35,000 of personal debt, including about $20,000 in credit card debt.

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Jan 27, 2015
Leader of Syriza left-wing party Alexis Tsipras speaks to his supporters outside Athens University Headquarters, Sunday, Jan. 25, 2015. A triumphant Alexis Tsipras told Greeks that his radical left Syriza party's win in Sunday's early general election meant an end to austerity and humiliation and that the country's regular and often fraught debt inspections were a thing of the past. (AP)

A leftist victory in Greece, and anti-austerity pushback across Europe. We’ll ask where this goes.

Jan 27, 2015
As any ant knows, building a reliable team can be hard. (Flickr / Guildmn20)

From Silicon Valley to your office, some teams work better – and smarter – than others. We’ll look at the surprising reasons why.

RECENT
SHOWS
Jan 26, 2015
Frederick Daniel Hardy's "Baby's Birthday" (1867) shows a typical Victorian English family at home.  (Wikimedia / Creative Commons)

Brush your teeth with soot, stay away from water, wear a steel corset. We’ll talk with the author of “How to be a Victorian.” Strange ways from another age.

 
Jan 26, 2015
Yemeni protesters gather during a demonstration to show their support to Houthi Shiite rebels in Sanaa, Yemen, Friday, Jan. 23, 2015.  (AP)

Yemen in turmoil, a new king in Saudi Arabia. We’ll look at what’s next for the Arabian Peninsula. Plus: the President’s trip to the Indian subcontinent.

On Point Blog
On Point Blog
Our Week In The Web: January 23, 2015
Friday, Jan 23, 2015

New thoughts on Facebook, new analysis of State of the Union twitter activity and new weekend excitement. New! And exciting!

More »
Comment
 
Meet On Point’s Interns: Spring 2015
Friday, Jan 23, 2015

Good news! We have interns, and they are wonderful, and here they are for the spring term. Meet them digitally, right here.

More »
2 Comments
 
Caller To Author Ron Rash: ‘You Cared About People Like Me’
Thursday, Jan 22, 2015

An unexpected caller from South Carolina brings back guest Ron Rash’s years as a community college professor in a movingly real way.

More »
1 Comment