Recent reports from Bank of America and the New York Fed highlight concerning trends in consumer spending and financial stability. Bank of America's data shows a 0.5% year-over-year decrease in total card spending per household in June, with softening retail sales. Meanwhile, the New York Fed survey reveals a notable increase in the percentage of consumers reporting significantly worse household financial situations compared to last year. Medical debt continues to be a significant issue in the U.S., with many individuals facing challenges in affording healthcare costs and experiencing financial vulnerability.