Inflation has helped drive bankruptcy filings higher for three straight years while delinquency rates rise and personal savings hit a three-year low.
Consumer sentiment has fallen to an all-time low, worse than during the Great Recession or pandemic, according to closely watched gauges.
Workers are maxing out overtime, halting retirement contributions and facing difficult choices as some data shows the wealth gap widens to its largest in a decade.
AI-generated summary was reviewed by a CNN editor.
Kris Massey stood at a jeweler’s counter last month, hoping to sell a couple of her grandmother’s gifted pieces to possibly cover some bills.
