As rising costs for essentials like groceries and gas push more households into debt, an increasing number of families, such as Alex Watts's, are relying on credit cards to manage their expenses, highlighting a broader trend of financial strain characterized by record-high consumer borrowing and deteriorating credit scores. #DebtCrisis #InflationImpact #ConsumerFinance #US
Consumers Lean on a 'Hamster Wheel' of Credit to Manage Rising Costs
