Managing Growing Debt in the Economy
A recent report reveals that an increasing number of Americans are relying on credit as a means of survival.
A survey conducted by Zest AI, a lending technology company, polled 1000 American consumers, with 53% stating that they depend on credit for essential items such as food and medicine.
The dependency on credit is particularly high among younger generations, with 75% of Gen Z and millennials relying on it.
53% of Americans depend on credit for necessities such as food and medicine.
Author's summary: Americans increasingly rely on credit for necessities.
More News
- In Marc Maron's last 'WTF' podcast episode, Obama offers advice on closing chapters
- Fortescue cuts hundreds of jobs in UK and Australia as it sends EV motor making to China
- ADB Supports Uzbekistan’s Economic Transformation and Global Trade Integration
- Tre Johnson Scores 10 in First NBA Preseason Start - Lake Highlands
- America has already seen more than 300 mass shootings in 2025, data shows