Household debt crisis looms as consumers struggle with 'unmanageable debt,' report says

Household debt crisis looms as consumers struggle with 'unmanageable debt,' report says

AUSTIN (KXAN) — As the tariff trade war continues, so does the fear of a possible recession. The Federal Reserve Bank of New York reports that the total household debt increased to $18.04 trillion. A survey by Experian found many consumers are struggling with unimaginable debt, “meaning they have debts that they can't afford to repay or that are so large that it's preventing them from paying for basic necessities, things like groceries or housin…