Household Debt Is Raising At An Alarming Rate

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A majority of households today are under an alarming financial strain, and the Covid-19 pandemic has not made the situation any better for many families and individuals across the US.

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Even before the pandemic, the cost of living all over the country was going up faster than salaries could keep up. Now, inflation is off the charts!

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Many families these days are two-income houses, but that is no longer enough in many cases.

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The problem with this solution is the high-interest rates that come with revolving credit card debt when the bills become too much to pay in full each month.

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The best way to keep your family out of debt is to organize a monthly budget and stick to it.

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