US Household Debt Hits Record Amid Rising Inflation
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- US household debt reaches a new all‑time high as inflation continues to rise.
- Consumers are relying on a “hamster wheel” of credit to manage rising costs, according to The New York Times.
- Credit card balances have fallen even as overall household debt climbs, per Yahoo Finance.
Why it matters: US households see debt climb to a new all‑time high while inflation continues to rise, tightening budgets and raising the likelihood of missed payments and credit stress.
