Table of Contents
Executive Summary
-
- Overview
- In focus: credit score
-
- Figure 1: Total consumer debt, by debt type, Q2 2018
- Figure 2: Self-reported credit score, May 2018
- Consumers with higher credit typically make more, have higher education
-
- Figure 3: Self-reported credit score segmentation, May 2018
State of the Economy
-
- Economic indicators mostly unchanged from Q2 2018
-
- Figure 4: Key economic indicators, June 2018
- Consumer confidence dips, but remains high
-
- Figure 5: Consumer Sentiment Index, January 2017-May 2018
- Unemployment and DPI change by less than 1%
-
- Figure 6: Disposable Personal Income and unemployment rate, January 2018-April 2018
Current Financial Situation
-
- Nearly 8 in 10 consider their financial situation to be fine
-
- Figure 7: Opinion of current financial situation, May 2018
- Consumer optimism remains high
-
- Figure 8: Opinion of current financial situation, Q1 2017-Q2 2018
- Excellent credit score reveals confidence in financial situation
-
- Figure 9: Opinion of current financial situation, by credit score, May 2018
Changes in Financial Wellbeing
-
- Highest number of consumers see no change in financial wellbeing
-
- Figure 10: Potential for changes in financial wellbeing, May 2018
- Financial wellbeing remains steady
-
- Figure 11: Potential for changes in financial wellbeing, Q1 2017-Q2 2018
- Consumers with low credit see greatest potential for moderate changes
-
- Figure 12: Potential for changes in financial wellbeing, by credit score, May 2018
Improving Finances
-
- Saving continues to be the most important for economic improvement
-
- Figure 13: Factors to improve financial situation, May 2018
- Importance of job stability falls, while generating supplemental or higher-income increases
-
- Figure 14: Top factors to improve financial situation, job stability, and supplemental income, Q1 2017-Q2 2018
- Consumers with lower credit scores place more value in working hard
-
- Figure 15: Opinion of current financial situation, by credit score, May 2018
How Money Is Spent
-
- Consumers both spend and save in almost equal measure
-
- Figure 16: How money is spent, May 2018
- Spending, saving behaviors remain consistent
-
- Figure 17: How money is spent, Q1 2017-Q2 2018
- Past three-month approach to debt differs by credit score
-
- Figure 18: How money is spent, done in the past three months, by credit score, May 2018
- Looking forward, top-tier credit plans to spend, while average credit plans to save
-
- Figure 19: How money is spent, done in the past three months, by credit score, May 2018
Appendix – Data Sources and Abbreviations
-
- Data sources
- Consumer survey data
- Abbreviations and terms
- Abbreviations
Back to top