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US Bank Lending Interest Rate vs US Rural Population

US Bank Lending Interest Rate and US Rural Population correlate at r = +0.38 over 62 years (1960–2021), p = 0.0025. With the time trend removed, r = +0.29. Holds up after detrending.

Verdict: Holds up after detrending. Statistically significant (p = 0.0025) and the association survives trend removal (detrended r = 0.29). Correlation still isn't causation, but this one isn't an obvious artifact.

Pearson r
+0.38
p-value
0.0025
Years compared (n)
62 (1960–2021)
95% confidence interval
0.14 to 0.57
Correlation with the time trend removed
+0.29

Sources

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Correlation does not imply causation. How the verdict is worked out.