HOPES for rising incomes this year as well as concern over rising inflation were the main findings of a survey on consumer sentiment conducted by TransUnion, a US credit reporting agency.
January 10, 2023 | 8:23 pmHOPES for rising incomes this year as well as concern over rising inndings of a survey on consumer sentiment conducted by TransUnion, a US credit reporting agency.
Some 80% of respondents said they expect their income to increase in the next 12 months and 57% expressed con“Consumer sentiment improved in the favorable economic environment, evidenced by a higher percentage of respondents being optimistic about the future of their household finances,” TransUnion said.ed nearly all COVID-19 restrictions,” it added.“Inflation remained the top concern for the fourth consecutive quarter.
When asked about how they plan to deal with a potential economic slowdown, around three-quarters of the respondents said they will cut back on spending and build up savings .
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