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As COVID-19 relief bill talks continue, some Americans are turning to the proverbial Bank of Mom and Dad to address cash flow problems â but donât think theyâre happy about it.
Some 71% of people who borrowed money from a loved one this year said they felt guilty about asking, according to a LendingTree survey. Thatâs up from the 65% of survey participants last year who admitted feeling guilty about their money request.
âNo one likes to admit theyâre struggling,â Matt Schulz, LendingTree chief credit analyst, said on the topic of guilt and money. âSometimes you just have to swallow some pride, though, and do whatâs best for you, especially in crazy economic times like these.â