A new survey finds that people are avoiding using cash and more likely to put money away.
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This story originally appeared on Value Walk
There is no doubt about the unprecedented disruption caused by the pandemic, or the great financial struggle many Americans across the nation are experiencing. However, what might seem counterintuitive given the current state of the economy, the Consumer Credit report found that credit card debt in the US has plummeted since the start of the pandemic. Are Americans proactively attempting to pandemic-proof their finances during this period of economic uncertainty?