Which of the following reasons best explains the rising tide of debt among American families?

Question

Quizplus · Accepted Answer

The primary reason for the rising tide of debt among American families is their inability to meet basic, fixed expenses like mortgage payments, taxes, tuition, health insurance, and similar costs. These expenses have risen significantly, outpacing income growth for many families, leading to increased debt as they struggle to cover essential costs.

Which of the Following Reasons Best Explains the Rising Tide