Epic Economist: People are Going Flat Broke as Credit Crisis Hits Nearly 50% of Americans

In recent years, American households have felt the weight of escalating prices more than ever before. A staggering trend has emerged — families are now spending approximately $1,000 more each month to obtain the same goods and services they bought just three years ago. This financial strain is driving many to rely on credit cards to make ends meet, but the reliance on debt is leading to a widespread crisis that is affecting generations across the country. According to a new report, nearly half of all Americans are finding themselves trapped in a dizzying cycle of credit card debt. The…