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Household debt hits record $18 trillion as families lean on credit cards
Summary by The Midland Editorial Desk Rachel DePompa , as published by KOSA CBS7 / First Alert 7 (Permian Basin CBS)
· September 3, 2026
· 1 min read
Photo: KOSA CBS7 / First Alert 7 (Permian Basin CBS) · view original
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Summary created by The Midland Editorial Desk — automated, rule-governed Byline on source page Rachel DePompa, as published by KOSA CBS7 / First Alert 7 (Permian Basin CBS) Original story Read at the source Source published Sep 3, 2026 Indexed here Sep 3, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points Demand for credit counseling has grown substantially, with enrollment in debt management plans reaching a 10-year high. Financial counseling sessions have increased significantly, up 143% since early 2021.
Rising costs are affecting families nationwide. Demand for credit counseling has grown substantially, with enrollment in debt management plans reaching a 10-year high. Financial counseling sessions have increased significantly, up 143% since early 2021.
Total household debt has reached a record level, according to recent data. This increase is attributed to various factors, including rising prices for essential items.
Further information on this trend is available, including insights from financial experts and data on the impact of rising costs on households.
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Why this story is here
KOSA CBS7 / First Alert 7 (Permian Basin CBS) reported and published this story. The Midland selected it, summarised the key facts above, and links to the original. We did not report this story and we added no reporting of our own to it.
About this story
As published by KOSA CBS7 / First Alert 7 (Permian Basin CBS) . The Midland selects stories from publishers’ feeds, summarises them, and links back to the publisher that reported them. We add no reporting of our own. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KOSA CBS7 / First Alert 7 (Permian Basin CBS) . Have a tip or correction? Contact the editor .
Category: News Published: September 3, 2026 Source: KOSA CBS7 / First Alert 7 (Permian Basin CBS) Reading time: 1 min
Frequently asked about this story
What is this story about? Rising costs are affecting families nationwide. Demand for credit counseling has grown substantially, with enrollment in debt management plans reaching a 10-year high. Financial counseling sessions…
When was this published? This article was first published on September 3, 2026 by KOSA CBS7 / First Alert 7 (Permian Basin CBS) and curated for The Midland readers.
Who reported this story? This story was reported by Rachel DePompa at KOSA CBS7 / First Alert 7 (Permian Basin CBS). To learn more about how The Midland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more News coverage from The Midland, or browse our daily briefing and topic hubs .
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