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person rolling ball of money up a steep hill (Photo: Shutterstock)

Americans added $660 billion in debt while paying down credit card balances and buying homes during the pandemic. The average person now has nearly $54,000 of debt, or more than $155,000 per household.

MoneyGeek recently analyzed data from the New York Federal Reserve and the Survey of Consumer Finances to see how COVID-19 has affected consumer debt. Among their findings:

 

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