US household debt hits a record high of $18.8 trillion as inflation soars under Trump.

New data shows US inflation at highest level since 2023 due to Trump's Iran War. Energy and food costs surge, posing challenges for American families.

US household debt hits a record high of $18.8 trillion as inflation soars under Trump.

In April, the consumer price index rose by 3.8% year-on-year in the United States, fueled by soaring prices at the pump as well as for food.