Workers lose 52 cents of every dollar gained to pay

Skip to content Local News, Commentary Workers lose 52 cents of every dollar gained to pay down debt, says new report October 23, 2026 By Charlene Crowell Image Credit: The Century Foundation Record interest rates on auto loans and credit cards also drive consumer delinquenciesBy Charlene Crowell As consumers continue to struggle with still-rising costs of living, new research proves that rising household debt levels are as much a cause for concern as prices. The Century Foundation, a progressive, independent think tank, finds that debt payments are rising eight times as fast as take-home pay.

https://chicagocrusader.com/workers-lose-52-cents-of-every-dollar-gained-to-pay-down-debt-says-new-report/