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Consumer Loan Fears Surge as Economic Woes Deepen

3/17/2025

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Summary

Story summary

A recent Federal Reserve survey uncovers a troubling trend: 8.5% of U.S. consumers are hesitant to apply for loans, fearing rejection—the highest rate since 2013. With nearly half expecting stricter credit access ahead, economic worries deepen as consumer sentiment hits a two-year low and retail sales stagnate.

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Story summary

A recent Federal Reserve survey uncovers a troubling trend: 8.5% of U.S. consumers are hesitant to apply for loans, fearing rejection—the highest rate since 2013. With nearly half expecting stricter credit access ahead, economic worries deepen as consumer sentiment hits a two-year low and retail sales stagnate.