Consumer ABS Breakfast Briefing: Credit Fundamentals Across ABS—KBRA Event Recap

KBRA hosted issuers, investors, and other structured finance professionals in New York on April 14 for its Consumer ABS Breakfast Briefing, an event focused on key trends and developments shaping today’s U.S. consumer and small business securitization landscape. The breakfast brought together market participants from across the ABS ecosystem for a series of panels offering timely perspectives on current trends.

The program opened with remarks from KBRA’s Global Head of ABS & RMBS, Jack Kahan, who delivered an overview on the state of the consumer. He noted that while the U.S. economy and consumer have remained broadly resilient in aggregate despite a range of macroeconomic shocks, pressure has been building at the margin. He also highlighted that rising household net worth, a still-supportive labor market, and wage growth outpacing inflation have helped sustain the average consumer. However, declining real disposable income growth has correlated with a declining personal…