The US has not only avoided recession thus far, but appears to have an economy that is largely the envy of the world. Nevertheless, despite excellent fundamentals, many consumers continue to struggle, particularly in parts of the middle and lower economic classes.
High debt burdens can have devastating economic consequences for borrowers. While much ink has been spilled over the high education lending burden in the US due to factors such as the funding system for higher education in the country, many US consumers also struggle under the yoke of medical debt.
As noted earlier, the growth of Buy Now, Pay Later lending has been one of the biggest topics in consumer lending in the past five years. The segment has grown rapidly from nearly non-existent, to close to USD100 billion in a short period of time.
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Understand the latest market trends and future growth opportunities for the Consumer Credit industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsThis report originates from Passport, our Consumer Credit research and analysis database.
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