The affordability squeeze in the US is easing somewhat as key default metrics stabilize

Years of high borrowing costs and persistent inflation have pushed the United States into what many describe as an affordability crisis. But beneath the surface of mounting financial pressure, some consumer default indicators provide a surprisingly more stable picture of household resilience.Much has been made of the so-called “K-shaped” economy—an economy in which the wealthy […]

Calls for credit counseling are increasing as Canadians struggle with rising costs – MoneySense

The number of calls to credit counseling agencies has increased by 40% Nationally, requests for help with debt management are increasing, but the provincial breakdown is even more telling: Ontario: 59.1% British Columbia: 58.1% Manitoba: 33.9% New Brunswick: 25.2% Alberta: 18.8% Residents of Toronto and Vancouver probably won’t be surprised: the cost of living in […]