Declining consumer loans and increasing consumer confidence



  • Here’s one more proof that stimulus plans aren’t really helping the consumers: While commercial loans grew exponentially in 2020-2021, consumer loans have seen a steep decline: https://fred.stlouisfed.org/series/CCLACBW027SBOG

    What is more surprising is that I recently read a study showing the confidence of consumer’s in their chances to get accepted for a loan in 2020 compared to 2019.

    The overwhelming majority (71%) think that its chances of getting approved for a loan improved in 2020. https://financer.com/the-finance-barometer/

    American consumers are most optimistic than anyone else, yet in reality, they are suffering the most.

    Can anyone explain this discrepancy?


 

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