PROSPECTS AND OPPORTUNITIES
Concerns about delinquent debt moving forward
The US has not only avoided recession thus far, but appears to have an economy that is largely the envy of the world. Nevertheless, despite excellent fundamentals, many consumers continue to struggle, particularly in parts of the middle and lower economic classes.
Medical lending challenges in the US
High debt burdens can have devastating economic consequences for borrowers. While much ink has been spilled over the high education lending burden in the US due to factors such as the funding system for higher education in the country, many US consumers also struggle under the yoke of medical debt.
Consolidation of BNPL may already have begun
As noted earlier, the growth of Buy Now, Pay Later lending has been one of the biggest topics in consumer lending in the past five years. The segment has grown rapidly from nearly non-existent, to close to USD100 billion in a short period of time.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Credit industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Consumer Credit industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Credit in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Credit in USA?
- What are the major trends key to understanding Consumer Credit in USA?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Consumer Credit in the US - Category analysis
KEY DATA FINDINGS
Student loans remain a critical component of the US debt picture
BNPL regulation starts to enter the scene
Lending rates begin to see relief as inflation moderates
Concerns about delinquent debt moving forward
Medical lending challenges in the US
Consolidation of BNPL may already have begun
Consumer Lending in the US - Industry Overview
Consumer lending in 2024: Interest rates finally ease their way down
2024 key trends
Will easing interest rates help thaw mortgages?
BNPL growth slowing, and may face challenges for future growth
What next for consumer lending?
DISCLAIMER
The following categories and subcategories are included:
Consumer Credit
- Auto Lending
- Card Lending
- Durables Lending
- Education Lending
- Home Lending
- Other Personal Lending
Consumer Credit
Non-mortgage consumer debt extended to individuals for personal or household use including installment loans and credit cards. Examples of consumer credit include auto lending, card lending, durables lending, education lending, home lending and other personal loans. Consumer credit includes both revolving and non-revolving credit.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Consumer Credit research and analysis database.
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