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Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs

As prices increase for gas, groceries and other staples, more and more households are borrowing to get by. On paper, Alex Watts’s household looks financially stable. He and his wife together earn a bit more than $140,000 a year; own their home near Columbus, Ohio; have great credit scores; and stay on top of their bills. When an unexpected expense hits, l... [1072 chars]

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