Reported about 8 hours ago
A recent report from TransUnion reveals a growing number of Americans are moving towards the extremes of the credit risk spectrum, with an increase in both super prime (high credit scores) and subprime (low credit scores) borrowers. The percentage of low-risk consumers has risen to 40.9%, while the subprime group now accounts for 14.4%, reversing progress made during the pandemic. This trend reflects a widening economic disparity, where wealthier households thrive, and more financially vulnerable populations struggle with potential higher interest rates and greater default risks.
Source: YAHOO