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NFCC Forecasts Increasing Financial Stress Amid Rising Debt Levels
The projected increase suggests a growing number of consumers are likely facing difficult choices, potentially having to cut back on essential expenses to manage their budgets.
(Washington, D.C.) — The National Foundation for Credit Counseling (NFCC) released its latest Financial Stress Forecast, revealing a projected increase in financial stress for consumers in the coming months. This update follows the recent release of Q4 2024 data from The Federal Reserve Bank of New York’s Center for Microeconomic Data, which indicated a rise in both credit card debt and debt delinquency rates compared to the previous quarter.
NFCC Spokesperson
Bruce McClary
Senior Vice President, Memberships & Communications
As the lead spokesperson, Bruce provides communications support for the nation’s largest and longest-serving network of nonprofit credit counseling organizations. He also manages activities focused on industry collaboration and membership…
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