Econintersect: Yesterday we posted that the recent New York Fed’s 2013:Q4 Household Debt and Credit Report showed that the jump in consumer credit came from the young and riskless. Another look at the report shows much of the gain coming from low credit score consumers borrowing to buy autos.
[click on image to read the full study]
source: http://www.kansascityfed.org/publicat/research/macrobulletins/mb14Braxton_Davig0218.pdf