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The Personal Loan Industry Is Booming — Here’s Why

More Americans are taking out unsecured personal loans than ever before. Here's why — and what it means for the future.
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August 25, 2023
Daily Money
EVERYDAY MONEY
More Americans are taking out unsecured personal loans than ever before. Here's why — and what it means for the future.
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CREDIT CARDS
Half of Americans say they are carrying higher credit card balances due to inflation.

REAL ESTATE
And it looks like it will be a while until housing market conditions improve.

MORTGAGES
The average rate on a 30-year fixed-rate loan increased to 7.23%, according to Freddie Mac.

EVERYDAY MONEY
Learn how to choose the best financial advisor for your needs, whether it's investing, tax guidance, financial planning budgets or estate planni...

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