Household Debt Is Raising At An Alarming Rate
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.
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!
Many families these days are two-income houses, but that is no longer enough in many cases.
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.
The best way to keep your family out of debt is to organize a monthly budget and stick to it.
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