Debt as a Recession Tool

Shortly after moving back to the US in mid-2021, an extended COVID-19 hangover meant excessive economic angst for large swaths of the population.

People responded to economic woes in a number of ways – some worked extra hours or took on side gigs, others cut back on expenses, perhaps eating out less often or vacationing near home.

We did neither. Instead, I loaded up on debt.

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