Recession’s Silver Lining: American Households Are Doing Better Than Expected (New York Times)

New York Times: Recession’s Silver Lining: American Households Are Doing Better Than Expected. “Since April, consumer savings have increased, credit scores have surged to a record high and household debt has dropped. The billions of dollars that banks set aside at the start of the crisis to cover anticipated losses on loans to customers have been largely untouched. And lending at pawnshops and payday lenders, where business tends to boom during downturns, has been unexpectedly slow.”

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