Resource Type: Reports

This joint report by The Century Foundation and Protect Borrowers reveals how President Trump’s affordability crisis is pushing millions of American families further into credit card debt. The report analyzes consumer credit panel data which shows that over 40 percent of U.S. adults (and roughly half of all active credit card holders) cannot afford to pay off their credit card bills each month, exposing them to sky-high interest rates.

The Century Foundation (TCF) and Protect Borrowers reveal that rising energy and utility costs are pushing families deeper and deeper into debt, fueled by poorly regulated utility monopolies, the explosion of AI data centers, and President Trump’s policies that have jacked up Americans’ utility bills.