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:

    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.

    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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