Subprime surge in borrowing: Here's what to know

Consumer spending has remained strong, even as overall household debt levels rise. U.S. credit card balances reached a record $1.28 trillion at the end of 2025, according to the New York Fed. Yet a new analysis predicts credit cards won't be the main driver of new debt for borrowers this year. CNBC's Sharon Epperson joins 'Squawk Box' to explain why.