Living with debt is not something many people choose. Rather, many Americans take on debt out of necessity. Many people accumulate debt from credit cards and medical bills. In many cases, medical bills contribute to people taking on more credit card debt to try and pay for medical bills. This unrelenting cycle can lead to high debt levels that are difficult to repay.
Debt levels have increased across the country, and many Pottstown residents would also say they've taken on more debt in the last few years. The Federal Reserve Bank of New York reported that consumer debt levels continue to increase, which could lead to financial trouble for many households who cannot pay down their debt.