{"id":1990707,"date":"2023-08-04T10:04:01","date_gmt":"2023-08-04T14:04:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-debt-is-squeezing-millions-of-us-households\/"},"modified":"2023-08-04T10:05:02","modified_gmt":"2023-08-04T14:05:02","slug":"credit-card-debt-is-squeezing-millions-of-us-households","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-debt-is-squeezing-millions-of-us-households\/","title":{"rendered":"Millions of US households struggle with suffocating credit card debt."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcredit-card-debt-is-squeezing-millions-of-us-households%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1990707&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Massive Credit Card Debts: A Financial Nightmare for American Households<\/h2>\n<p>It&#8217;s a financial crisis that&#8217;s gripping millions of American\u200c households &#8211; the burden of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-card-debt-is-squeezing-millions-of-us-households\/\" title=\"Millions of US households struggle with suffocating credit card debt.\">massive credit card debts<\/a>. As borrowing rates continue to soar, the finances of countless families are being crushed under the weight of this <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/can-biden-help-unite-america\/\" title=\"Can Biden Help Unite America?\">mounting debt<\/a>.<\/p>\n<p>The Federal Reserve, in its relentless pursuit to combat inflation, has implemented an aggressive \u200dstrategy of\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-reserve-delivers-bad-news-about-expectations-for-inflation-raising-interest-rates-report\/\" title=\"Federal Reserve Delivers Bad News About Expectations For Inflation, Raising Interest Rates: Report\">raising interest rates<\/a>.\u200b While \u2064this may have been intended to stabilize the economy, it has inadvertently led to a surge in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-adds-a-strong-379000-jobs-in-hopeful-sign-for-economy\/\" title=\"US Adds a Strong 379,000 Jobs in Hopeful Sign for Economy\">borrowing costs<\/a>, pushing\u200d them to the highest levels seen in years. As\u200b a result, the already dire debt situation has only worsened.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Millions of American households are facing financial turmoil as soaring borrowing rates exacerbate their already overwhelming credit card debts. The Federal Reserve&#8217;s efforts to combat inflation by increasing interest rates have pushed borrowing costs to unprecedented heights, intensifying the burden of debt for many.<\/p>\n","protected":false},"author":327,"featured_media":1990708,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1990707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1990707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/327"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1990707"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1990707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1990708"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1990707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1990707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1990707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}