Americans continue to face new and complex financial challenges. While inflation has come down after peaking at 9.1% just three years ago, it still remains elevated and well above the Federal Reserve's goal of 2%.
July's core inflation report showed slight acceleration as inflation rose 0.2% month-over-month to land at 3.1%. With tariffs, high interest rates, and a tight labor market, consumers are starting to feel the squeeze as more relay on “buy now, pay later” loans to cover basic purchases.
