The United States is grappling with an unprecedented financial crisis, with up to 50 million Americans defaulting on their debts. This has triggered significant disruption in the nation’s credit system, causing widespread economic instability. Lenders are scrambling to contain the fallout, while consumers are overwhelmed by growing debt. Although the American economy has weathered numerous challenges in recent years, the current credit crisis stands out as the most severe. With more than 50 million people halting payments to creditors, the situation has progressed from early warnings to a full-scale emergency. As consumer debt surges, the impact is becoming painfully clear.
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