In 2010, the Ohio Council of Retail Merchants created the Foundation of Ohio’s Future (FOOF) to provide insightful research relating to Ohio’s retail, wholesale, and distribution sectors. FOOF recently hired the Economics Center at the University of Cincinnati to prepare a report entitled “Economic Analysis of Holiday Spending: With a Note on the Impact of Access to Credit.” An excerpt from this report about the impact of access to credit is below:
In summary, this study shows that access to credit directly affects consumer spending and thus personal consumption. The times of greatest economic recession have been tied to a restriction of credit resources. An excerpt from this report about the impact of access to credit is below.
Additional information related to the Ohio retail market can be found below: