What Lenders Need to Know About Consumer Stress

Market Pulse · Sep 28, 2023 · 35m · transcript

Consumers are increasingly facing credit and financial stress. Our panel of Equifax experts including Tom O’Neill, Tom Aliff, Dave Sojka and Jesse Hardin, discuss the factors contributing to consumer stress and the nuances that lenders should consider when evaluating consumers. This is the first part in a series on the topic of consumer stress.

In this episode:

· Economic factors contributing to consumer stress

· Why consumer stress is nuanced

· Do news headlines add stress to consumers?

· What are economists forecasting for the rest of the year and 2024?

· How should lenders distinguish the…