After a strong economic rebound in the wake of COVID-19, a more challenging environment and heightened recession worries are forcing small businesses to “hit the reset button”. Small business anxiety about elevated inflation and labor shortages persisted in Q2 2022, as small businesses held debt balances longer, while seeking additional credit in anticipation of a tighter lending environment.
Join our industry experts as they discuss national economics and credit trends and housing and auto sector trends as of April 2024.
Read the latest regional consumer spending and economic growth trends, as well as our in-house macroeconomic forecasts for the year ahead.
Our analysis delves into various attributes to help us gain a deeper understanding of the digital borrower compared to all other borrowers for unsecured personal loans as well as credit cards. Our data analysts also looked at borrowers, irrespective of generation, regarding information such as household income, credit score and history, open trade lines, credit utilization, and more.
Explore state-level and industry level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
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