With US inflation on the rise, average wage levels are struggling to keep up — leaving lenders to wonder how well consumers can manage cost increases and debt load.
To help assess consumers’ financial resilience in these inflationary times, a newly released TransUnion study explores how origination, balance and delinquency volumes have changed in recent years. Access our quick guide to learn:
How consumers are faring in this unpredictable economy
How to estimate the impact of continually rising inflation
How lenders can apply these insights while managing and growing their portfolios