The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreNov 2020
US$990Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
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.
As early as 31 January, US health officials issued quarantine orders to US citizens evacuated from Wuhan, China, amid the COVID-19 outbreak there. From 2 February, entry was restricted from China, with this later extended to virus-hit Iran and Italy.
Having increased sharply for years, the outstanding balance for education lending hit a record of USD1.6 trillion in 2020, feeding a student debt crisis of endemic proportions.
After experiencing strong growth in 2019, gross lending for mortgages/housing fell again in 2020, despite low interest rates softening the impact. Home sales dropped precipitously as the US economy shut down in March and April.
As unemployment skyrockets and bills become due, consumers have gravitated towards other methods of lending. Use of personal loans, for example, increased in 2020, as consumers looked to ease the financial hardship wrought by record unemployment.
The road to recovery for consumer lending largely hinges on the continued economic impact COVID-19 has on the US. The cycle of shutting down and reopening as the country struggles to contain the virus will not be kind to the economy, nor to consumers’ participation in it.
Files are delivered directly into your account within a few minutes of purchase.
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.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Lending industry in USA with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Lending industry in USA, our research will save you time and money while empowering you to make informed, profitable decisions.
The Consumer Lending in USA market research report includes:
Our market research reports answer questions such as:
Why buy this report?
Euromonitor’s industry reports, including Consumer Lending in USA, originate from our database within our Consumer Finance market share and market size database, Passport, a platform which analyses Consumer Finance in 46 countries and globally.
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.