More than one third of Americans spend their holidays on loans


Author:Wu Shuai
Source: ennews

More than one third of Americans choose this holiday"Loan consumption".


according toLendingTreecompanyA new survey ofSelect loan consumptionOf AmericansMore in 2020.


Prepare fromTravel planreachBuy gifts for relativesAnd other reasonsDuring this holiday, there areMore than one-third of American consumers36%Borrowing consumption selected, above31% in 2020. This year, the average borrower owed $1249, down 10% from $1381 last year.


Although most62%Holiday Borrower ofuseCredit Cardloan, butYes, toonear40% of AmericansThis yearuseBuy first and pay later”(BNPLBuy holiday goods,This is more than37% in 2020 increased slightly. Interestingly,Among those who choose to buy first and pay later,stayyoungparent64%Six digit annual income61%And millennials60%People ofIs the most common.


BNPL is a deferred payment option,itAllow consumersstaybuyProduct timeInstallments, usuallybranchFour or less.becauseFast application processIndividuals 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 collectionLead to Consumer Financial Protection AgencyCFPBstayThis monthBNPL providers Affirm, Afterpay, Klarna, PayPal and ZipHasinvestigation


according toWashington 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 statisticsfindfromFrom 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.


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