A federal survey found that 60% of Americans say they have a hard time obtaining a loan or morgtage as well as a credit card.

<div class="block">A federal survey found that 60% of Americans say they have a hard time obtaining a loan or morgtage as well as a credit card.</div>

Stretching Your Dollar

Fed Survey: 60% Say It's Harder to Access Credit

Many Americans might feel frustrated if they don't think they have access to this wealth. Right. That's a major problem. The gap is getting wider. So high interest rates and stricter standards at banks, they're making it harder for people to gain access to credit cards and other loans. In a survey from the New York fed consumer expectations, an astounding 60% responded saying that they had a harder time getting a credit card obtaining a loan or a mortgage. Well, additionally, Americans were concerned about losing their jobs and the survey indicated that a person expecting to lose their job was around 13.8% of 2% points. And the highest it's been since April of 2021.