Financial pressures are mounting for families. A significant increase in debt has been reported, with totals reaching new heights. Enrollment in debt management plans has surged, hitting a 10-year high, while financial counseling sessions have risen sharply.

Rising prices are a major factor in this trend. Many categories of spending are affected, including essentials like food and housing.

Further information on this issue is available from the source, including details on the current state of household debt and its underlying causes.