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America’s Tariff-Driven Buying Spree Leaves Households Saddled with Debt and Financially Vulnerable

Summary by KIFI

By Bryan Mena, CNN Washington (CNN) — Linda Wilburn, a 62-year-old retiree in Susanville, California, did not plan to buy a car this year. She originally wanted to save up, build her credit and buy a used car next year — a necessary purchase, she said. But President Donald Trump’s tumultuous trade war drove her to buy a car this past April, fearing higher prices if she waited any longer. Now Wilburn has a $607 monthly car payment coming out of h…

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America’s tariff-driven buying spree leaves households saddled with debt and vulnerable

The rush to buy ahead of tariffs has left many Americans with thinner financial cushions and greater exposure to economic shocks. As inflation and debt payments eat into household budgets, economists expect consumer spending growth to slow, potentially weakening the broader economy148.

2 days ago·Atlanta, United States

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