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The “Bank of Friends & Family” is Worth $249 Billion to the American Economy (Research)

Personal Finance / By /

A survey by CouponBirds has found that 59% of Americans have requested credit from friends and family over the past year, with 78% of respondents paying no interest on their loans. The average loan amount is $1,609.38, making the American branch of the Bank of Friends & Family worth nearly $250bn to the economy. Rhode …

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