Consumers are turning to longer loan terms and riskier borrowing strategies due to costly loans. This shift is reported by 2nd Order Solutions, which notes that credit is showing both fragility and resilience.

The trend towards longer loan terms and riskier borrowing is attributed to high costs. 2nd Order Solutions has observed this change in consumer behavior.

Further details on this trend and its implications are available from 2nd Order Solutions, providing insight into the current state of consumer borrowing habits.