CHANTILLY, Va. — A survey conducted by Online Resources Corporation here showed that a growing number of Americans have reorganized their payment priorities into a "delinquency budget" by prioritizing bills to be paid and lowering or halting any savings.
More than 1,000 households in all demographic groups were included to make the survey a national representation of how consumers are reacting to the economic downturn. Key findings are: 52% of households report that it's harder to meet their obligations; half are taking money from savings to pay bills; and credit card delinquency rates remain higher than other debts but mortgage and utility delinquencies are also growing.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
