Survey of Consumer Expectations: U.S. households probability of being able to come up with $2,000 if an unexpected need arose within the next month falling to its lowest level since 2013.
Source: https://www.newyorkfed.org/microeconomics/sce/credit-access#/financial-fragility1 Wut Mean?: Overall Decline in Consumer Credit Demand (2023): General weakening in most credit application rates. Credit card limit increase applications rose. Rejection Rates Trends: Overall rise in rejection rates for credit applications. Decline in rejection rates for credit card limit extensions and new mortgage applications. Higher creditworthiness among those applying for new …