Susan Cherry

Stanford University

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Lessons from Pandemic-Related Debt Forbearance
April 1, 2021 - Article
Author(s) - Susan Cherry, Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski & Amit Seru
Low-income and less creditworthy households were more likely to obtain debt forbearance during the pandemic, but 60 percent of the forbearance dollars went to households with above median incomes. T he Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted in March 2020, included a...
Government and Private Household Debt Relief during COVID-19
January 2021 - Working Paper28357
Author(s) - Susan F. Cherry, Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski & Amit Seru
We follow a representative panel of US borrowers to study the suspension of household debt payments (debt forbearance) during the COVID-19 pandemic. Between March and October of 2020, loans worth $2 trillion entered forbearance. On average, cumulative payments missed per individual in forbearance...
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