Some Americans used their stimulus checks to pay down all sorts of debt. Which might have been a forward-thinking plan, since federal student loan payments are set to restart this fall.
With student loan forgiveness program struck down, borrowers brace for impact
by Mitchell Hartman
Anna Moneymaker/Getty Images
Some of those who owe the least could be among the most affected.
What do people do with stimulus checks? Yes, buy stuff — but also pay down debt
by Ali Budner
Marvin Recinos/AFP via Getty Images
A recent study from the Federal Reserve Bank of New York shows that people often use government stimulus money to pay off debt — especially if they have a lot of it.
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