Analysiscost of livingconsumer debtinflationcredit cards
Young Americans Face Deepening Cost-Of-Living Crisis Now
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5.9
U.S. households face a worsening cost-of-living crisis, The Hill reports, as credit card debt tops $1.2 trillion and two-thirds of young Americans doubt affordability. A third of adults have tapped savings recently, over a quarter increasingly use cards for routine purchases, and prices for staples such as coffee and beef rose about 20% and 15% year-over-year. The strain risks deeper financial instability.
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