The Washington Post asked six Americans to talk more about their financial situations and why they are feeling better or worse. Nicholas Cerrato, 30, bartender in New Brunswick, N.J.Nicholas Cerrato started the pandemic with $8,500 in credit card debt, and emerged debt free. That really took off a lot of financial stress for me.”Lots of Americans steered pandemic-era earnings and extra stimulus money toward credit card debt. In all, Americans’ credit card balances fell 11 percent in 2020, the largest drop on record. Not knowing how else to pay it off, she charged it all to a credit card.

Source: Washington Post December 25, 2023 20:45 UTC