WSJ: American Borrowers Face Increased Financial Pressure Amid Higher Inflation, Rising Debt Burdens

According to WSJ, American borrowers are facing increased financial pressure due to higher inflation and interest rates. These economic conditions have led to a significant rise in debt burdens, with mortgage interest payments increasing by 14% and credit card debt jumping by 50% over the past year. Despite the overall economy performing well, consumers are struggling with the impacts of these financial challenges. The average mentions of soft demand have more than tripled in the last two years, aligning with levels seen during the 2008 Financial Crisis and the 2020 Pandemic.

Tags: Finance, Debt, Inflation, USA