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69°
Thursday, may 23
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Personal Finance
News
$1M Lottery Win: Western Mass Woman Lands Jackpot Thanks To Lucky Spot In Line
A Berkshire County woman is no longer just dreaming of a tropical vacation to escape the frigid winner. She's ready to book her ticket after winning $1 million in the state lottery. Marcia Paris of Lanesborough won the seven-figure jackpot playing the "300X" $30 scratch-off game. Paris said her dad and the person ahead of her in line at a convenience store both purchased "300X" tickets before she bought hers. Paris chose to take the lump sum payment of $650,000 (before taxes) rather than the annuity. She plans to use that money to build cabins on her property and take a …
News
Covid-
19: How Americans Reduced Personal Credit Card Debt By $83 Billion In 2020
Many Americans have used downtime and stimulus payments from the fed to reduce their personal credit card debt. Citizens paid off or otherwise got rid of $82.9 billion in credit card debt in 2020, according to WalletHub, which cited the Federal Reserve. This is a huge reversal in the last 10 years of U.S. credit card trends. Typically, Americans added $54.2 billion to the national credit card debt per year. Still, a lot of debt remains. U.S. consumers owe a collective $1 trillion to credit card companies, WalletHub said. The average household credit card debt is a little over $8,000 - whi…