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Unit Economics

The link between credit card debt and mental health amid COVID-19

More Americans are using credit card debt to cover everyday expenses, like rent. These studies explore the links between debt and stress.

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JS
Jack Stacey core team
over 2 years ago

Although it's an older article with regards to the pandemic, many of the findings are still relevant. "But as the country’s economic lockdown began to strain personal finances during the summer, at times there were 70% more people using credit cards to pay rent compared with last year, an analysis from the Federal Reserve Bank of Philadelphia shows." - This likely will have lasting impacts into today/the future as well.