Posted 3/15/2024, 1:30:00 PM
Rising Debt Burdens Put Squeeze on US Households Despite Record Incomes
- 40-year-old homeowner says she's making the most money ever but still living paycheck to paycheck due to economy
- Interest payments on non-mortgage debt now as big a burden for US households as mortgage interest
- Higher borrowing costs make it more expensive for consumers to take on debt
- Many consumers maxed out on debt and barely keeping heads above water
- Return of student loan payments adding to financial stress for many borrowers
