As household expenses soar due to rising prices for essentials like gas and groceries, an increasing number of families, such as the Watts, are turning to credit to manage their finances, resulting in record credit card debt and growing concerns about financial stability amidst a decline in consumer sentiment. #CostOfLiving #HouseholdDebt #InflationChallenges #US #MD #OH #MN #IL
www.nytimes.com
Consumers Lean on a 'Hamster Wheel' of Credit to Manage Rising Costs
