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Declining Credit Demand, Retirement Delay, and Financial Fragility
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Overview
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Federal Reserve survey reveals a decline in demand for new credit and increasing rejection rates for those seeking credit. Financial fragility is becoming more prevalent. Consumers are planning to delay retirement by three years, citing economic pressures and the desire for financial freedom.
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How can financial fragility be addressed to improve credit access?
What are the potential consequences of Americans delaying retirement?
What steps can be taken to provide financial coaching and advice to those in need?
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