During the COVID-19 pandemic, US households used approximately one-third of their stimulus money to pay down debt, with the share rising to nearly 40 percent for families earning less than $40,000 per year or lacking a college degree.

Authors

• Person: Not available Organization: Maine Center for Economic Policy
  Predatory Lending — An Explainer - MECEP

Sources

• Predatory Lending — An Explainer - MECEP www.mecep.org Maine Center for Economic Policy via serper

Referenced by nodes (2)

• U.S. location
• COVID-19 pandemic event