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2020 Has Been a Scary Year for Debt

It’s been a year unlike any other. This video and infographic explore how we went from optimism to being thoroughly spooked by debt.

2020... a scary year for debt
2020 Has Been a Scary Year for Debt Infographic

2020 Has Been A Scary Year for Debt It started with optimism, but the pandemic took a financial toll. As of January 2020, 74% of Americans said they will be better off financially in a year. In the second quarter of 2020, total household debt decreased for the first time since 2014. But then, COVID-19 scared the market… And the unemployment rate skyrocketed to 14.7%, the highest since the Great Depression. In 2019, only 15% of workers worried about getting laid off. In 2020, 27% do. If you aren’t feeling good about your money, you’re not alone. But don’t worry. Here’s the best news: Consolidated Credit isn’t scared of your debt. You don’t have to be, either.

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<a href="" target="_blank"><img src="" alt="2020 Has Been a Scary Year for Debt Infographic" class="img-fluid" /></a>
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