Federal COVID-19 Relief Aided Consumer Debt, Though Immigrant Texans Derived Less Benefit
Abstract: U.S. and Texas residents shored up their household finances during the COVID-19 recession. The prevalence of various federal-level assistance programs helped boost savings and broadly reduce debt. Among mostly immigrant groups, this tendency was less pronounced, likely due to legal and socioeconomic barriers.
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Provider: Federal Reserve Bank of Dallas
Part of Series: Southwest Economy
Publication Date: 2021
Issue: Second Quarter