Show an ad over header. AMP

I am the second

People are accumulating less debt post-pandemic

A phenomenon ushered in by the pandemic is lingering: less borrowing. People are paying down their credit card balances faster, and mom-and-pop shops are holding back on loans. Thank all the stimulus for that.

Why it matters: Government aid left consumers and businesses buoyed with cash, so they aren't turning to banks to borrow nearly as much.

Keep reading... Show less

Related Articles



Get Goodhumans in your inbox

Most Read

More Stories