My newest article for BiggerPockets digs into a study highlighted by The Visual Capitalist from a study done by doxoINSIGHTS. It shows that American savings are being depleted and many people are missing payments or putting them off due to the pressures of the pandemic/lockdowns/recession. As the report notes,
“Unsurprisingly, worrying about personal finances also means that more Americans are deferring their bill payments during the pandemic. However, these vary depending on the type of bill, total amount, and immediate urgency.”
Here's how it shakes out:
Check out the rest of the article here. It's quite sobering.
"Every day is a new life to the wise man."
The Righteous Mind
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