Concerning new trend poses major risk to Americans’ financial security
Americans seeking financial support may be digging a deeper financial hole for themselves.
When inflation spiked in 2022, prices skyrocketed and have yet to come down three years later. The added cost of necessities like housing, groceries, and clothing has put a financial strain on many U.S. households, making the cost of living one of the top financial concerns.
As the fallout from escalating trade war tensions and tariffs is fully reflected in consumer prices, Americans may find that they need help bridging the gap between their income and rising expenses.
