U.S. Consumer Debt Soars Above $2.7 Trillion, Fueled by Credit Cards and Car Loans

U.S. consumer debt has risen dramatically, with over $1.1 trillion in credit card debt and $1.6 trillion in auto loans
Some states like Delaware, Alaska, and Florida have seen much bigger debt increases than others
Easy access to credit cards and loans contributes to overspending more than people can afford
High debt burdens individuals, slows economic growth, and leaves the U.S. vulnerable to downturns
To manage debt, make a payment plan, cut expenses, negotiate rates, earn more income, and refinance loans