Trillions of dollars of stimulus cash have been pumped into the economy. What exactly do people do with the money once they get it? Research suggests they tend to spend about one-third of the funds, saving the rest or using it to pay down debt. (Check out our previous article: How Did Americans Spend Their Stimulus […]
Tag Archives | paying down debt
Pandemic Silver Lining: Consumers Pay Down Credit Card Debt
The COVID pandemic has created financial distress for many consumers who have lost their jobs, business income, or seen their work hours reduced due to service shutdowns and childcare challenges. But other consumers who have remained unaffected by the pandemic are experiencing a surge in savings. More “consumers are paying down debt and saving more […]
After COVID, How Much Of An Emergency Fund Do You Think You Really Need?
There’s nothing like an honest-to-goodness crisis to to give your emergency preparations a test run. And there’s no doubt that the 2020 COVID pandemic qualifies as one of the most profound crises ever to affect our nation. So now that we’ve lived through almost ten months of the pandemic and we start to see […]
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ has helped hundreds of individuals and families build wealth and plan for a more secure financial future for over 30 years. Her advice has appeared in publications such as Wall Street Journal, Kiplinger’s, Money Magazine, Business Week, and CBS MarketWatch.
