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Debt is a reality that many Americans face and recent data paints a sobering picture. As of late 2024, consumer debt had reached an all-time high, with credit card balances accounting for $1.17 trillion. And, nearly half of all credit card users are carrying balances from month to month, incurring steep interest rates that compound the financial strain. Meanwhile, inflation has shown signs of resurgence, driving up costs for essentials like groceries and utilities. These trends create a…
