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The Death of a Thousand Cuts: How micro-debts are quietly destroying household budgets

Illustration of a paycheck being cut into multiple small monthly payments, representing Buy Now, Pay Later purchases, subscriptions, paycheck advances, and other micro-debts that quietly strain a household budget.

The Death of a Thousand Cuts: How micro-debts are quietly destroying household budgets Most people think financial trouble starts with one big event:  A job loss; a medical emergency; a divorce; a credit card balance that suddenly reaches $30,000. While those situations certainly happen, they are not what we see most often. In our Northern […]