After months of quarantining, 56 percent of families have taken on debt related to COVID-19. In fact, 6 in 10 families had to take on $1,000 or more in debt to provide their children with distance learning tools (iPad, laptops, and software).
What is your dealership doing help families overcome these obstacles?
Local economists concerned pandemic could put families in cycle of debt, slowing economic recovery
According to a new survey compiled by LendingTree, 56% of U.S. parents with children under the age of 18 are saddled with coronavirus related debt, with 40% taking on a significant amount of new credit debt, due to the COVID-19 economic impact