“With growth averaging more than 30% in all age groups, and led by younger generations, the increase in loans granted is perceived as a positive indicator in the taking of credit of the Argentine population”, Explain Santiago Pordelanne, President and CEO of Equifax Argentina.
The Big Data company that belongs to the same group as Veraz, indicated that the age groups in which the request for consumer loans increased the most are generation Z (from 18 to 23 years old) with an increase of 42.9%, and the millennials (who are between 24 and 39 years old today), who asked for 45% more credits than in previous months.
Facing the summer season and the end of the year parties, it is the youngest who ask for more consumer loans.
However, growth was also verified in the generation X (those who are between 40 and 55 years old today) with an increase of 34.7% compared to last October, in the boomers (between 56 and 74 years old) increased 29% and in the so-called “silent generation” (more than 75 years old), it rose 28.6%.
According to Equifax, “There are no significant differences between the different income levels compared to the decision to apply for a loan on these dates.”
Source From: Ambito
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