Household Debt Is Currently Soaring

Essence Magazine:

By Jasmine Browley· Updated November 20, 2022

Most of us have been feeling the pinch on our wallets due to inflation, but it may be worse than we thought.

According to a CNBC report, household debt increased during the third quarter at the fastest pace in 15 years per the Federal Reserve.

Debt spiked to $351 billion from July to September, the largest quarterly increase since 2007. This brings the collective

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