Coronavirus and personal debt: the Americans living on a ‘knife edge’
A swift end to payment holidays would leave millions vulnerable in the US. "A resurgence of the virus is possible, and many lost jobs may not return when the pandemic abates. The better than expected jobs numbers in May have reduced the odds of another round of government support. And lender forbearance programmes are already beginning to expire." The Financial Times' US Finance Editor, Robert Armstrong, analyses.
From Financial Times