American debt stings like never before in new era for households
Claire Ballentine, Eliza Ronalds-Hannon | (TNS) Bloomberg News After years of managing household budgets through the stress of the worst inflation in a generation, U.S. 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…
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