Consumer Pulse Wave 2

We’ve just released the latest TransUnion US Consumer Pulse Study — a quarterly survey exploring how consumers’ personal finances have changed and what changes they expect in the future. Here are the key takeaways:  

• Nearly 3 out of 5 (59%) Americans are currently being impacted financially, which is a significant increase over last week’s report (53%).
• Significantly more Americans (16%) stated they’ve lost their job in the most recent wave of the pulse study, as compared with 9% last week. The rate for Millennial job loss increased from 8% last week to 19% this week.
• The research found that Millennials (79%) and Gen Z (74%) were among the most concerned about their ability to pay bills and loans in the next month. This compared to 70% for all respondents and 53% for Baby Boomers.
• The amount financially impacted consumers expect to be short when paying bills has increased from $903.70 to $1,031.