Financial pressures are mounting for families. Rising costs are a major factor, with prices increasing across many categories. Demand for credit counseling has grown substantially, with one organization reporting a 10-year high in debt management plan enrollments.

Financial counseling sessions have also seen a significant increase, up 143% since early 2021. This surge in demand is likely linked to the growing household debt, which has reached a record level.

Further details on this trend are available, including insights from experts and data on the current state of household debt.