Consumer loans are up from last week at $1,524 billion dollars – driven primarily by an increase in credit card spending from $749.5 billion to $757.5 billion. This could be an indication of loosening of pandemic related restrictions in retail and hospitality sectors, giving people a chance at experiencing pre-pandemic activities. It will be interesting to see how the data is affected by recent proposed shutdowns and fears of a second wave.
The Weekly Breadline 11-01-2020 finalCompany Profile
John Dunham is the President of John Dunham & Associates. John specializes in the economics of how public policy issues affect products and services. He has conducted hundreds of studies on … MORE