K-shaped Credit Scores: Growing Divide Between Super Prime and Subprime Consumers
New TransUnion research shows a growing divide in consumer credit scores, with more people falling into either super prime or subprime categories. This K-shaped trend indicates rising financial inequality, with subprime consumers facing increased strain due to higher debt loads and affordability pressures. Super prime consumers, meanwhile, have seen significant growth in their numbers and debt levels.
Topics: consumer debt credit scores economic inequality financial services K-shaped economy