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Increased household financial stress may boost demand for debt management services, a key offering of TREE. Higher demand translates into increased revenue, similarly observed during previous economic downturns when consumers seek out financial assistance.
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Tariffs could increase household costs by $1,200 to $1,600 annually. Half of U.S. households already carry credit-card debt averaging $7,200. Financial planners suggest budget cuts to offset tariff impacts. Savings strategies could yield over $2,400 per year for households. Household spending adjustments are essential in a high inflation environment.
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