TransUnion’s Q1 2022 US Consumer Pulse Study released

We’ve just released the latest TransUnion 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:

Inflation weighs heavier on consumer confidence: High consumer confidence buffeted by inflation; 59% of respondents reported being optimistic about their household finances in the next 12 months, a drop from 64% in Q4 2021. Pessimism about the future rose slightly to 19% compared to 16% in Q4.

Inflation is the number one issue for most American households with 64% reporting being extremely or very concerned about it, and 93% saying they’re at least slightly concerned. That’s a steady increase over the past two quarters — with 55% being extremely or very concerned in Q3 2021 and 60% in Q4. Middle-income households (annual income between $50,000 and $100,000) reported the largest increase in concern about inflation, rising from 58% in Q4 to 66% in Q1 2022.


continue reading »