COVID-19 vaccinations are ratcheting up; another round of fiscal stimulus has been approved; and consumers have a wealth of pent-up demand. What’s more, many consumers have both the capacity and the willingness to spend. Combined, these forces point to a deluge of potential spending activity as we enter the spring season.
Lenders and service providers can better support consumers by understanding the impact -- both positive and negative -- of the recent recession on their finances.
Equifax presents the latest on the U.S. economy with Amy Cutts, chief economist at AC Cutts & Associates. We also explore key consumer financial insights, including wealth and spending expectations with Equifax experts Tom Aliff, Todd Hoover and Ian Wright.
Key takeaways from this April 1, 2021 webinar include:
- Understand the impact to consumers on both sides of a K-Shaped recovery
- Identify which consumers have not only the desire but the ability to spend
- Evaluate the risk of accommodations to safely originate new accounts
- Evaluate pockets of risk and opportunity in your existing portfolio