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American debt stings like never before in new era for households

Households take on debt faster than before financial crisis

Bloomberg News

After years of managing household budgets through the stress of the worst inflation in a generation, US families are increasingly pressured by a different kind of financial squeeze: The cost of carrying debt. Two years after the Federal Reserve began hiking interest rates to tame prices, delinquency rates on credit cards and auto loans are the highest in […]

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