The Atlantis Report: Millions are Seriously Struggling Now After Credit Crisis Worsens

The U.S. economy stands at a precarious juncture, with recent data indicating that a staggering 75 million Americans have ceased repaying their debts. This alarming trend, reported by the Consumer Financial Protection Bureau (CFPB), underscores a deepening credit crisis that threatens not only individual financial stability but also the broader economic landscape. As the effects of the pandemic linger, millions are grappling with a confluence of economic complications—rising household debt levels, climbing interest rates, skyrocketing inflation, and instability in the reserve ratio. Each of these factors has contributed to an environment where affording basic necessities is increasingly at odds with…