If it feels like your paycheck doesn’t go as far as it used to, you’re not imagining things. In 2025, the cost of living has reached record highs, and many Americans are turning to credit cards just to cover the basics.
Between inflated grocery prices, skyrocketing rent, rising gas and utility costs, and stagnant wages, everyday expenses are forcing more families into high-interest debt. And with those interest rates climbing, it’s easy to feel like you’re digging a hole you can’t climb out of.
What’s Driving the Surge in Everyday Debt?
1. Inflation and Tariffs
Thanks to global instability and new trade tariffs, the cost of imported goods—from clothes to electronics to food—has gone up significantly. Even a trip to the grocery store feels like a luxury.
2. High Interest Rates
To curb inflation, federal interest rates have increased, which means your credit card debt is now growing faster than ever. Carrying a balance of just $5,000 can cost you hundreds in interest each month.
At Debthunch we help people just like you find solutions to their debt problems every day.
3. Wage Stagnation
While the cost of living is rising, wages for many workers have not kept pace. That gap is pushing people to rely on credit just to maintain their standard of living.
4. Unexpected Expenses
Health emergencies, car repairs, or job loss can throw even the best-planned budget into chaos. Without savings to fall back on, credit becomes the only option.
What You Can Do About It
1. Don’t Wait Until You’re Overwhelmed
It’s easy to hope things will turn around, but the sooner you take action, the more options you have. Waiting only increases the interest you owe.
2. Look Into Debt Consolidation or Relief Options
You may be eligible to roll your debts into one lower monthly payment, or negotiate with creditors through a debt resolution provider to reduce what you owe.
3. Talk to a Debt Professional
At Debthunch, we help Americans who are struggling with rising costs take back control of their finances. Our team can review your unique situation and match you with a plan that works.
4. Reclaim Peace of Mind
You don’t have to face this alone. With the right support and strategy, you can start building a path out of debt—even in a tough economy.
Take the first step today. Complete our quick form and see what relief options may be available to you.
