Washington, DC Debt Relief Guide
In 2021 our nation’s capital was affected by COVID-19, politics, and a lockdown of the economy due to the pandemic. Despite this, employment in the District of Columbia has since increased. The Federal Government, one of the leading employers in Washington, DC, added 1.7% new jobs since June 2020, partially as a response to COVID. Retail sales, including supermarkets and restaurants, have done well and have exceeded pre-pandemic levels. Major employment sectors in DC. also include non-profits as well as technology companies.
“Washington, DC is doing relatively well right now compared to other areas of the nation. It has a strong economy for most people, but affordability for rentals and owner-occupied homes in the District is proving to be challenging for potential homebuyers.” says Gary Herman, President of Consolidated Credit. He continued…“DC residents need to focus on financial fundamentals like maintaining a budget, keeping debt minimized, and maintaining good credit to get ahead in today’s economy.”