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Borrow Smart Blog

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Households Debt and Cash

This is encouraging and a little surprising.

The first time since 1980's that the US population has more cash than debt.

There were stimulus checks that helped, but so many purchases were deferred.

When we get COVID behind us and work through these inflation concerns (and of course avoid WW3) there is a lot of cash to fuel the economy to new highs, but possibly after the market cools off some first.

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