Americans are more confident about their ability to take out credit than they were a year ago, according to the latest Survey of Consumer Expectations from the New York Federal Reserve.
A year ago, more consumers believed they would have a much harder time getting access to credit than they currently do in the upcoming year, according to the Fed’s consumer expectations survey. In January last year, nearly 6% of the 1,300 people surveyed indicated that they believed they would have a much harder time getting credit this year, and under 5% said they would have a much harder time getting credit in the upcoming year.
