Amy Scott

economist at TS Lombard.

Blitz says stagnant wages plus persistent inflation are a bad combination.

So those credit card balances just keep rolling over.

And Chip Lupo, an analyst at WalletHub, says, There are consequences that do come with that.

It's going to make it harder for you to apply for additional credit.

Think a mortgage or car loan.

And Lupo says long-term debt impacts more than just finances.

One in five consumers say that they're very stressed about their credit card debt, which that reflects the mental strain of carrying balances month after month.

One factor that could be drawing out that debt is timing.

Households may have delayed some credit card payments during the holiday season, says Ben Guttenkenny, an assistant professor of finance at Rice University.

People spend a lot in the run-up to Christmas, buying gifts for their family and friends, and also going on holidays and trips.

But credit card debt could come down in the new year.

The Fed's interest rates have been elevated in recent years.

That's meant...

Consumers have higher interest on their credit card.

But he says if the Fed remains worried about the job market, there could be further rate cuts to come.

I'm Daniel Ackerman for Marketplace.

On Wall Street, traders seemed a little worried.

We'll have the details when we do the numbers.

Back in September, I took a road trip across Kansas, learning what farmers are up against amidst a changing climate and changing policies.