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Why Americans are drowning in debt

by Enochadmin

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$16.15 trillion: that is how a lot debt American households owed on the finish of second quarter of 2022, a staggering 42% improve from $11.39 trillion simply 10 years in the past. And with inflation at a 40-year excessive, debt in America will possible develop. Forty-three p.c of People are anticipated so as to add much more debt throughout the subsequent six months, in response to one report. So why are so many People in debt as we speak and what potential influence will which have on the well being of the U.S. financial system?

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Sat, Aug 27 20227:45 AM EDT

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