Household debt hits record $18.8 trillion as inflation rises in April, report finds

New economic data reveals the growing financial strain on American families as inflation rose in April, fueled by a jump in gas prices. According to the Federal Reserve Bank of New York, total U.S. household debt has reached a record $18.8 trillion, with delinquency rates rising among younger and lower-income borrowers. Jason Matthews, the founder of Matthews Financial and Insurance Solutions in Oakland, joined us on 'The Nine' offering insight into how consumers can navigate the economy.