Consumer Confidence Continues Its Rise
Credit union members’ attitudes about the economy continued to improve during the past quarter and are better than they were a year ago, according to data released from the credit union member demographic of the Discover Financial Services’ “U.S. Spending Monitor.”
Credit union members who rate the U.S. economy as “good” or “excellent” doubled to 18% in April compared to a year earlier. Credit union members have more positive attitudes about the economy than non-credit union members, with 14% of non-credit union members rating the economy as “good” or “excellent.” In addition, 47% of credit union members rate the economy as “poor,” a decrease of nine percentage points from a year earlier.