The state of the economy at the street level

[Dona Ferentes]

Fully agree on the business lending issue, but the last paragraph is absolutely normal and expected, actually a convoluted twist...
i am surprised it is not extreme, it should and show you how bad is business lending/business enterprising is here
If you have millions , you do not do a business loan for $20k.
The 60% of society are for the most comfortable not to enter a business and for the fraction who do, their starting business need will be small
That only 9% of credit goes to the one percent is a nasty sign established business and wealth has stopped investing in the future here.
Looking at figures and not at ideology bias, this is not good.

I was thinking of putting the 3rd para in the Property thread, as those stats relate to housing lending.

Housing ownership opportunity is zilch if income levels are low.. Most households have two+ income sources to play