Star Tribune: Despite Covid pause, Minnesotans are again living with debt

Friday, February 23, 2024

In the February 23 Star Tribune online story on increasing consumer debt, Dan Park with LSS Financial Counseling said that fewer people were making appointments for financial counseling during the pandemic due to the pause in federal student loan payments, banks implementing temporary forbearance plans and stimulus checks. Now that those programs have ended, LSS financial counselors are busy. "Something's got to give when there is more money being spent than is coming in. And that's usually when debt comes into play," Park said.