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Report on Consumer Borrowing Preferences and Confidence
Wednesday, June 29, 2016 6:35 AM

Consumer borrowing is an important macroeconomic measure because it parallels consumer spending and serves as important measure of consumer confidence and health. Loan growth is also of the most important drivers of sustainability for credit unions who depend principally on consumer lending and mortgage lending for the majority of their earnings. 

Filene Research Institute conducted an online survey among a nationally representative sample of consumers to develop a measurement of consumer borrowing intention. Researchers wanted to build a repeatable instrument to show how intention can match with and predict annual borrowing. 

Members of Filene Research may download the report to learn how confident individuals are in their ability and likelihood to borrow.

Filene will continue to update data on consumer borrowing intentions periodically. In this way credit unions will have a constant pulse on members’ appetite for loans.