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Debt
The average American has $6,194 in credit card debt at an average interest rate of 16.88%. That means each of them is paying $1,045.55 in annual interest.
COVID-19 has prompted many people to begin searching for somewhat unconventional sources of income, especially college students and young adults.
So far nobody has confirmed exactly where COVID-19 originated, whether the virus has a seasonal effect, or detemined the virus’s exact rate of transmission.
In March alone, retail sales fell by 8.7%, total industrial production dropped by 5.4%, and housing starts plummeted a staggering 22.3%.