Number of Credit Accounts in Some Form of Relief Program Reaches 106 Million
Credit rating firm TransUnion The skipped payments reflects the economic shock the pandemic produced across the world. A recent estimate said that the global economy could wipe out as much as $16 trillion in wealth this year, and further hinder growth for an additional five years. On the ground, a Pew study from late April found that some 43 percent of U.S. adults say that they or someone in their household has lost a job or taken a cut in pay due to the outbreak, up from 33 percent in the latter half of March.
