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We may be just a couple of months into the new year, but there has already been plenty of bad news about debt levels in the U.S., signaling that the issues we saw in late 2024 are continuing into 2025. For example, the latest Quarterly Report on Household Debt and Credit from the Federal Reserve, which was released earlier this month, showed that credit card debt has hit a new record nationwide and is now sitting at $1.21 trillion.
That’s not the only debt issue Americans are facing, either. Total…
