1.13.21
SFA’s latest Research Corner finds consumer sentiment down 19% from a 10-year high, year-over-year, as household net worth, on aggregate, has increased. Household’s financial health drives demand for credit to make purchases and, along with employment, impacts a borrower’s ability to repay debt. The securitization markets look to these metrics and others to better understand consumer demand for credit and changes to credit risk, a particular concern given the unevenness of the recovery across income groups.