Consumer lending trends heading down. Source: Shutterstock

America has faced two very different, severe financial crises since the start of the new millennium. At face value, the widespread unemployment and financial loss of today feels like an echo of 2008. However, there is one new factor that could accelerate economic recovery this time. As we think about the road to recovery from the pandemic, the most significant difference between the 2008 financial crisis and where we are today is the accuracy, availability and immediacy of data.

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