 TITLE: COVID-19: Consumers Reduce Overall Debt During Pandemic CONTENT: Despite Economic Downturn, Some Consumers See Financial Gains\n-------------------------------------------------------------\nCOVID-19's impact on the economy has cut deep, causing some economic indicators to drop to lows not seen since the Great Depression. But while millions lost their jobs and millions more had their incomes reduced, some have seen improvements in their debt levels and credit.\nThis isn't to say COVID has not caused widespread financial strain—it has. Much of the damage to consumer finances may not be apparent in credit reports and debt numbers, and instead has hit closer to home, impacting their ability to sustain everyday expenses.\nAs localities emerge from stay-at-home orders (albeit slowly and with several pauses around the country), consumer spending is likely to change again. Additional adjustments may also appear as aspects of government relief programs expire over the coming months. END