 TITLE: Survey: How Consumers Are Reacting to COVID-19 CONTENT: Some Americans Plan to Use Savings to Cover Debt Payments\n---------------------------------------------------------\nWhile many consumers still have income they plan to use to pay down their debt (67% reported planning to pay their bills with their monthly income), 1 in 3 respondents said they will have to rely on savings to make their debt payments in coming months.\nAnother 13% say they will use credit cards; 13% say they will use unemployment benefits; and 5% plan to use an emergency loan to make their debt payments.\nWhen asked if they would be opening a new line of credit in the next six months, 21% of respondents said they planned to apply for a new credit card, 12% planned to apply for a personal loan and 8% said they planned to apply for an auto loan. Others said they planned to apply for a mortgage (7%), small business loan (5%), home equity line of credit (3%). Most survey respondents (67%) said they did not plan to apply for any of the above. END