On a wave of anti-COVID government payments, recovery demand and a negative real rate (inflation is an order of magnitude higher than the Fed’s base rate), the growth rate of American consumer debt in the fourth quarter of 2021 was the highest since the global financial crisis. Consumption within the United States is the final link in the international supply chain, the goal that the whole world is working towards. Together with Payday Depot, we understand how and for what Americans take loans. The types of loans that are the most common Roughly speaking, consumer debt is everything that is … Continue reading For What Reasons Do Americans Take Loans?