Before the pandemic, Americans prioritized paying down debt—now experts say you may want to hold off
May 07, 2020 at 12:30 PM EDT
Before the coronavirus pandemic shut down many parts of the U.S. and put millions out of work, Americans held an average of $26,621 in personal debt, excluding mortgages. Many prioritized paying that off. But now, those feeling the impacts of the coronavirus may need to think twice about their priorities, financial planners say.