Credit cards are the biggest source of debt for the vast majority of Americans and certainly the easiest to get into financial trouble with. When compounded with a crisis such as the Coronavirus pandemic, relying on credit cards can become all too common, and can make...
In March 2020, America confirmed its first coronavirus case. Since then, the economy has been in chaos. The unemployment rate soared from a record low to a 13.3% high. Before COVID-19, several news agencies had reported on higher-than-normal debt loads among Americans...
A recent report by the Federal Reserve Bank of New York reveals that the consumer debt in our country has hit a record $14.3 trillion in the first quarter of this year. Isn’t it shocking? Having debts means most likely, you have to sacrifice a substantial amount of...
In the last month, millions of people’s financial outlooks have been turned upside down as a result of the Coronavirus outbreak due to a lack of emergency funds. Thousands of businesses across the country have shut their doors, being deemed, non-essential, displacing...
Coronavirus not only made thousands of Americans ill; it tremendously affected the economy, the unemployment rate skyrocketed, many small businesses got shut down. Almost all of us live in the uncertainty of what to expect in general. Many Americans started revising...
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