100 Days In: Trump’s ‘Strategic Uncertainty’ on Tariffs Leaves Markets Guessing

A recent Experian survey reveals the depth of America’s credit crisis, with 23% of adults facing “unmanageable” debt that requires choosing between debt payments and essential needs. However, the data also shows encouraging signs: 45% of respondents have overcome previously unmanageable debt, experiencing improved mental wellbeing as a result. Many Americans are actively addressing their financial challenges by taking on additional work, using strategic debt repayment methods, and employing budgeting tools. The Experian survey also uncovered that a significant misconception about debt is that making minimum payments is sufficient, with more than 2 in 5 respondents identifying this as their

Consumer financial distress is at its worst level in 12 years according to the Federal Reserve Bank of Philadelphia, with over 11% of Americans making only minimum payments on credit cards and delinquencies hitting record highs. This crisis stems from years of above-target inflation that has outpaced wage growth, forcing many to rely on credit cards for essential expenses. A recent survey found one-third of Americans use credit cards to make ends meet, with many maxing out their cards. With interest rates averaging 21.37%, minimum payments barely cover interest charges.