No job, loads of debt: COVID upends middle-class family finances | Curio

No job, loads of debt: COVID upends middle-class family finances

15 mins | Sep 28, 2020

The pandemic is wreaking havoc in loan-laden white-collar workers' households. "Roughly six months into the pandemic, many lenders that let borrowers skip monthly payments now expect to get paid again. They have set aside billions of dollars to cover potential losses on soured consumer loans — an acknowledgement that America's decadelong debt binge has come to an end." AnnaMaria Andriotis investigates for The Wall Street Journal.

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From The Wall Street Journal