Part 7/9:
The combination of record-high credit card debt, escalating auto loan charges, and surging food prices paints a worrying picture for American families. With prices for essentials expected to rise further in 2025—partly due to tariffs—the stability of household finances hangs by a thread. As more borrowers find themselves unable to meet payment obligations, the risk of a full-blown financial crisis looms larger.
Seeking Solutions
In light of these concerning trends, the question arises: What can individuals do to weather this financial storm?