Consumer Debt During a Government Shutdown
Struggling with debt can be both frustrating and discouraging, especially when it feels as though you are not making any headway despite the fact that you continue to make payments on high-interest credit cards and other debt. Trying to deal with debt can be even more difficult for government employees during a government shutdown. While some government employees have savings to cover financial setbacks resulting from a government shutdown during which they do not receive a regular paycheck, that simply is not the case for most workers. According to a recent report from CNBC , a majority of government employees live paycheck-to-paycheck. Accordingly, not only will government employees who already are struggling with debt find themselves in a more distressing situation with a shutdown, but even employees without significant debt may find themselves in debt as a result of the shutdown. Given the length of the recent shutdown, we want to take a closer look at how a government shutdown—i...