Growing number of Americans are maxed out on credit card debt | Quickcast

In today’s Quickcast:
Masters champion Scottie Scheffler was arrested by police in Louisville Friday morning on his way to the PGA Championship, with stunning images showing him handcuffed as he was led to a police car and charged with assaulting an officer after allegedly attempting to drive around traffic backed up from a pedestrian fatality investigation. Scheffler was released later in the morning and continued competing in the tournament.
Police said Scheffler was booked for second-degree assault of a police officer, third-degree criminal mischief, reckless driving and disregarding traffic signals from an officer directing traffic. In a statement to CBS News, Scheffler's attorney Steve Romines said the golfer "never at any point assaulted any officer with his vehicle" and added that "we will litigate this matter as needed."
In a statement posted to Instagram, Scheffler said he was in a "very chaotic situation."
"There was a big misunderstanding of what I thought I was being asked to do," Scheffler said. "I never intended to disregard any of the instructions. I'm hopeful to put this to the side and focus on golf today."
Police said a pedestrian had been struck by a bus while crossing the road in a lane that was dedicated to tournament traffic. Police said the man died at the scene, CBS affiliate WLKY reported. Traffic was backed up for about a mile in both directions on the only road that leads to Valhalla Golf Club, with dozens of police cars flashing red-and-blue lights near the entrance.
Days of record heat and a Heat Advisory on Friday have prompted Miami-Dade leaders to urge residents to play it safe.
The Heat Advisory for the county runs through 8 p.m. A Heat Advisory for Monroe County is in effect through 6 p.m. A Heat Advisory is issued when the heat index, or "feels like" temperature, reaches 105° F or higher and is expected for at least two hours.
The NEXT Weather team is forecasting an afternoon high of 95 degrees, which would top the record of 94 degrees from 2008, with "feels like" temperatures of 103 to 107.
Miami-Dade Mayor Daniella Levine Cava said in a statement that they want all residents and visitors to be aware of the risks of extreme heat and take steps to remain safe and healthy.
"I encourage all residents to do a Heat Check: drink water, rest, and find shade if you are working or playing outdoors this week," she said.
As ongoing inflation continues to impact the cost of housing, fuel, food and other consumer goods — and, in turn, puts a heavier burden on millions of people's wallets — credit card delinquencies are rising, a new report from the New York Fed shows. According to the latest Quarterly Report on Household Debt and Credit, released on May 14, the total household debt in the U.S. increased by about $184 billion in Q1 2024, hitting a total of $17.69 trillion, And nearly 9% of credit card debt went delinquent during that time.
What that uptick in credit card delinquencies indicates is that more and more Americans are now struggling to keep up with their debt payments amid a higher cost of living. And, that makes sense, considering that the average person currently has about $8,000 in credit card debt and the average credit card rate is over 21%. Rates that high can cause the interest charges to add up quickly.
So what can you do if you're one of the many cardholders whose credit card debt has gone delinquent — or soon will? Well, the good news is that you have options aside from getting further behind on your payments. Below, we'll break down what you may want to consider doing in these situations.
Catch the Quickcast with Najahe Sherman weekdays at 4PM ET streaming on the CBS Miami app and CBSMiami.com

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