Americans are drowning in debt — $1.2 trillion, as of the second quarter of 2025, according to the Federal Reserve Bank of New York. That staggering figure is up 5.87% from last year. Factors for the rise in debt include economic conditions, inflation and consumer spending habits. But no matter the reason, people need relief. See Next: 3 Signs You’ve ‘Made It’ Financially, According to Financial Influencer Genesis Hinckley Trending Now: These Cars May Seem Expensive, but They Rarely Need Repairs One way t ...