Young Americans Face Deepening Cost-Of-Living Crisis Now

U.S. households face a worsening cost-of-living crisis, The Hill reports, as credit card debt tops $1.2 trillion and two-thirds of young Americans doubt affordability. A third of adults have tapped savings recently, over a quarter increasingly use cards for routine purchases, and prices for staples such as coffee and beef rose about 20% and 15% year-over-year. The strain risks deeper financial instability.