by Jason Steele 2020 has been a year of challenges for all of us. But the upheaval might also bring with it great opportunity. Before the COVID-19 pandemic, a report by the Federal Reserve Bank found that 55% of Americans with credit cards had debt. But for those who are lucky enough to still have jobs, the crisis has also turned America into a nation of savers: Most people are spending far less of their time and money on discretionary purchases such as vacations, entertainment and dining out.