How we went from near record savings to record debt in just two years

 NPR -  Millennials have seen their debt rise by nearly 30% since before the pandemic, to about $3.8 trillion. What's so strange about this is that back in 2021, that debt had fallen to near-record lows. "We saw Americans across the income stream save a lot of money. I mean a lot of money," says Jill Schlesinger, CBS news business analyst and author of The Great Money Reset. Schlesinger says stimulus checks, lockdown and pay raises had people in really strong financial shape. "But then 2022 starts and inflation doesn't go down," she says. "And then we saw many people plow through those pandemic era savings, left with nothing." Schlesinger says the rising price of basics, like food, gas and clothing, have landed millions of Americans in real financial distress.