Credit Expansion Skewed Towards Those Who Can Least Afford It

February 19th, 2014
in econ_news

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.

Follow up:

[click on image to read the full study]


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