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Why personal debt looks healthy despite worst year for jobs — The Sacramento Observer

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(CALMATTERS) - On paper, the Golden State appears to have escaped 2020 without a personal debt crisis. Despite an unprecedented 2.4 million jobs lost in the spring, Californians joined their fellow Americans in paying down interest-heavy debt such as credit card bills while acquiring wealth-building loans by taking out mortgages. In California, new mortgages jumped […]

Source: The Sacramento Observer

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