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Consumer Financial Hardship

Latest in Consumer Financial Hardship· Nov 11

U.S. household debt, delinquencies, and defaults all rose in the third quarter as debt-to-income ratios climbed and collection activity intensified. Rising default risk across consumer finance portfolios constrains discretionary spending and tightens household balance sheets. Bankruptcy filings increased alongside the broader deterioration in consumer credit conditions.

Rising costs of essential services and predatory lending practices affecting household financial security and consumer debt burdens.

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