Consumer Pulse Wave 6

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:  

• The expected shortfall ($1,016) of consumers that are financially impacted and the elapsed time until they cannot pay their bills (6.3 weeks) remains constant week-over-week. Government and company crisis-response measures such as stimulus checks (44%) and the ability to make partial payments (32%) remain two of the top three instruments Americans are using to shore up their shortterm financial gap.
• In the week the government passed additional aid to support small businesses, job loss among employees of small businesses reached 1 in 5, and 67% of these consumers are experiencing financial hardship.