Swimming in debt, record numbers of Americans seek credit counseling

Household debt across the United States has reached a record high of $18.8 trillion, as reported by the Federal Reserve Bank of New York. Due to this unprecedented level of financial obligation, a record number of Americans are currently seeking credit counseling services to manage their debts. This surge in total nationwide household debt reflects a significant increase in financial pressure on consumers, driving the demand for professional guidance to navigate their economic situations.