For the Long Term in the U.S, Customers Increase Savings/Less Inclined to Use Debt, Business and Industry Trends Analysis

Since the 2008-2009 financial crash, consumers in America have been more reluctant to go into debt than in the past.  This trend changed to some extent, during 2016 2017. While many consumers continue to think conservatively, some forms have credit have been growing: 1) Consumers have greatly increased their purchases of automobiles, and the total amount of car loans has been rising.  This is due to the fact that consumers delayed car purchases during the recent recession, have a bit more confidence now and are taking advantage of low interest rates.  2) Total student debt rose significantly in recent years…

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