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Financial Worries Rise as Access to Credit Becomes More Difficult: New York Fed Survey

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Source: CNBC
Financial Worries Rise as Access to Credit Becomes More Difficult: New York Fed Survey
Photo: CNBC
TL;DR

American consumers are increasingly concerned about their ability to access credit, with nearly 60% of respondents indicating that it is harder now than a year ago, according to a New York Federal Reserve survey. This comes as interest rates have risen and banks have tightened lending standards. The survey also revealed mixed expectations for inflation, with respondents anticipating higher prices for gas, medical care, food, college education, and rent. Additionally, worries about job security have increased, despite a relatively low unemployment rate.

Topics:businesseconomy#consumer-expectations#credit-access#economy#inflation#interest-rates#unemployment
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  1. Fears over access to credit hit highest level in more than a decade, New York Fed survey shows  CNBC
  2. Households found it harder to obtain credit in August: New York Fed  MarketWatch
  3. NY Fed poll finds mostly stable inflation views, more financial worries in August  Reuters
  4. What to expect from this month's crucial central bank meetings  Investors Chronicle
  5. New York Fed poll finds mostly stable inflation views, more financial worries in August  The Globe and Mail
  6. View Full Coverage on Google News

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