Over-indebtedness is one of the nation's main family financial problems.

Question

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Over-indebtedness is a significant financial problem for many families in the United States, with high levels of credit card debt, student loans, medical bills, and other forms of indebtedness contributing to financial stress and difficulties. The prevalence of over-indebtedness has been linked to a variety of factors, including stagnant wages, rising costs of living, inadequate financial literacy, and aggressive marketing and lending practices by financial institutions.

Over-Indebtedness Is One of the Nation's Main Family Financial Problems