Widening Borrowing Gap Hints at K-Shaped Shift in US Credit
A growing divide in the United States credit market is signaling a potential K-shaped economic shift, as high-income and low-income households display diverging borrowing behaviors. Recent data from the American Financial Services Association (AFSA) indicates that wealthier consumers are voluntarily scaling back their credit reliance, while lower-income families are increasingly forced to borrow to cover…