(Source: ACA - The Association of Credit and Collection Professionals) Financial setbacks disrupt families at all income levels and, according to new research from Pew Charitable Trusts, even one occurrence can cause households to lose some of their savings and experience increased credit card debt. The research is the first in a three-part series to explore how financial setbacks and emergency savings are related to families' financial well-being, according to Pew Charitable Trusts. Pew defines financial setbacks as job loss, injury, illness, death or a major home or vehicle repair that can result in...
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