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March 8, 2021

Debt strategies for an unequal recovery

  • In this so-called K-shaped recovery, one part of the population is rebounding quickly while another has a longer, slower path.
    • By SEAN PYLES
    NerdWallet

    iStock image
    Those who remain unemployed or underemployed might continue to rely on debt to get by. Meanwhile, those whose finances have held steady or improved may be primed to wipe out debt.

    The past year has fractured our world in countless ways. Now, as people look to pick up the pieces, those managing debt need to account for their position in our uneven economic recovery.


     
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