Market Research Report
Consumer Lending in the US
|Published by||Euromonitor International||Product code||971601|
|Published||Content info||20 Pages
Delivery time: 1-2 business days
|Consumer Lending in the US|
|Published: November 11, 2020||Content info: 20 Pages||
When COVID-19 hit the US in earnest in March 2020, much of the country locked down. Non-essential businesses were shuttered as citizens were encouraged to stay home. The resulting economic fallout has been swift and brutal, with unemployment reaching historic levels in the post-Depression era; 47 million people had filed for benefits by late June. The overall effect on consumer lending has been mixed, with consumers cutting back on discretionary spending, while also benefitting from low interest...
Euromonitor International's Consumer Lending in USA report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Consumer Credit, Mortgages/Housing.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
List OF CONTENTS AND TABLES
COVID-19 impact on consumer lending
COVID-19 country impact
Education lending finally faces its reckoning
Mortgage rates fall to 50-year low
Regulators roll back restrictions on payday lending
What next for consumer lending?
GLOBAL MACROECONOMIC ENVIRONMENT
GLOBAL INDUSTRY ENVIRONMENT
KEY DATA FINDINGS
COVID-19 upends economy, causing deep uncertainty
Consumer spending contraction causes decrease in demand for credit
Loan forbearance amidst government support
RECOVERY AND OPPORTUNITIES
Recovery timeline for consumer credit contingent on return of spending
Non-card lending shows promise in 2021
Long-term shift in borrowing behaviour