More than one third of Americans choose this holiday"Loan consumption".
according toLendingTreecompanyA new survey ofSelect loan consumptionOf AmericansMore in 2020.
Prepare fromTravel plan，reachBuy gifts for relativesAnd other reasons，During this holiday, there areMore than one-third of American consumers（36%）Borrowing consumption selected, above31% in 2020. This year, the average borrower owed $1249, down 10% from $1381 last year.
Although most（62%）Holiday Borrower ofuseCredit Cardloan, butYes, toonear40% of AmericansThis yearuse“Buy first and pay later”（BNPL）Buy holiday goods,This is more than37% in 2020 increased slightly. Interestingly,Among those who choose to buy first and pay later,stayyoungparent（64%）Six digit annual income（61%）And millennials（60%）People ofIs the most common.
BNPL is a deferred payment option,itAllow consumersstaybuyProduct timeInstallments, usuallybranchFour or less.becauseFast application process、Individuals to be provided by the applicantRelatively little information, andIt is widely applicable, so it is quickly welcomed。
butIt is also because the application threshold is low,along withBNPL is becoming more and more popular in the United States. Concerns about accumulated debt, regulatory arbitrage and data collection，Lead to Consumer Financial Protection Agency（CFPB）stayThis monthBNPL providers Affirm, Afterpay, Klarna, PayPal and ZipHasinvestigation。
according to《Washington PostofreportBy the end of the holiday, Americans' credit card debt is expected to increase$70 billion, while according to Trans Another prediction of Union is expected to be in 2022Borrowing amount in the United StatesWill increase to an amazingUS $805.7 billion. This shows thatepidemic situationdid notAffect this holidayStrong consumer demand.
Mastercard Spending Pulse PassyesMasterCard payment and cash and check payment dataMake statistics，findfromFrom November 1 to December 24, retail sales in the United States increased by 8.5% year on year, and sales increased by 10.7% compared with 2019.
As shoppers return to physical stores this year, the ratio of in store sales toIt will increase by 8.1% in 2020.YOY growth of online sales11%, andCompared with 2019, it increased by 61.4%, accounting for 20.9% of the total retail sales this year.