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Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card balances, while slightly down from the previous quarter, remain alarmingly high at $1.18 trillion. Student loan delinquencies are also creeping back up, with 8% of borrowers now behind on payments — the…
