Much of North Texas radiates prosperity, with sparkling new suburban neighborhoods, luxury cars, designer labels, and soaring high rises. But new data suggests cracks in the shiny facade and that there’s a bigger “Big D” in Dallas-Fort Worth: debt.
NBC 5 Investigates is diving deep into the financial squeeze, uncovering what’s behind the rising costs of living in North Texas and revealing how more and more people are struggling to climb out from under crushing debt.
A credit counselor who spoke with NBC 5 Investigates said they’re seeing a need for their services at levels not seen since the COVID-19 pandemic, and that more families are using credit cards to cover daily expenses.
“They’re having to choose, do I pay for housing or do I pay for food for my family. That’s a tough place to be”, said Kathryn Arnold, CEO at Pathfinders, a DFW nonprofit credit counseling service that helps clients dealing with debt…