Household Debt Hits $18.8 Trillion: The Reality Behind the Headlines
Americans are working, earning more on paper—and still falling further behind. In this segment, we examine the growing disconnect between the headline economy and the economic reality facing working people. Inflation is once again outpacing wage growth, real wages have fallen for four consecutive months, and millions of workers are still trying to recover purchasing power lost during the post-pandemic inflation surge. At the same time, household debt has climbed to roughly $18.8 trillion, credit-card balances have reached approximately $1.26 trillion, and more Americans are struggling to keep…
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