Consumers lean on a ‘hamster wheel’ of credit to manage rising costs
May 11, 2026 | 6 MIN READ
On paper, Alex Watts’ 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, like a car repair or a hospital trip,...
