"Rising Credit Card Interest Rates Compound US Household Debt Woes"

US households are facing increasing financial pressure as the cost of carrying debt, including credit card and auto loan interest rates, rises to the highest levels in more than a decade, with delinquency rates also on the rise. This marks the first time on record that interest payments on non-mortgage debts are as significant a financial burden for US households as mortgage interest payments, adding to the strain of managing budgets amidst inflation.