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America’s Debt Crisis Explodes | Spokane News
Debt is exploding across America as record-high household debt, soaring prices, and shrinking savings push millions into crisis. Nearly 15,000 new debt-management clients signed up this year — the most since 2017 — while financial counseling sessions jumped 143% since 2021. With inflation driving prices up 27% since 2021, families are forced to choose between bankruptcy, debt management, or risky personal loans that often just delay the problem. Experts warn that for most, credit counseling offers a smarter path than DIY fixes — especially if you’re drowning in credit card debt and need real…
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