Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

While carrying high amounts of debt is rarely ideal, this issue isn't always the result of reckless spending. For many Americans, it's caused by the fallout of rising living costs, medical emergencies ...

Many people struggle with debt. And thanks to high interest rates, rising costs of living, and other challenging financial conditions, that debt can be particularly hard to get out of these days.

One card turns into three. A bill you didn’t expect. A missed payment. Suddenly, you’re checking your bank app daily just to stay above water. At some point, most ...

You don’t need to be reckless with money to end up buried in debt. All it takes is one catastrophic event, sudden loss of a job, or a few months of “just getting by” – and suddenly, the interest ...