financetom
Business
financetom
/
Business
/
US consumers more pessimistic on tariff costs, TransUnion says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US consumers more pessimistic on tariff costs, TransUnion says
Jun 18, 2025 5:34 AM

NEW YORK, June 18 (Reuters) - U.S. consumers are feeling

worse about money as tariffs fuel concerns about rising prices,

credit reporting agency TransUnion ( TRU ) said.

Of almost 3,000 people polled in May, 27% were pessimistic

about their household finances over the next 12 months, up from

21% in the fourth quarter, TransUnion ( TRU ) data showed.

"The pessimism is up significantly," Charlie Wise, head of

global research and consulting at TransUnion ( TRU ), told Reuters in an

interview. "There's a very clear correlation between that

pessimism and the uncertainty that's come out of the tariffs."

More than half of respondents said they reduced

discretionary spending on dining out, travel and entertainment

in the last three months, and 23% saying they had boosted

emergency savings.

Consumers who were most concerned about tariffs also

expressed plans to borrow more, including through credit cards,

personal loans and buy now, pay later services, the survey

showed.

Inflation was the top concern for 81% of respondents, while

the fear of a recession rose to its highest level in two years.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Dollar General's Full-Year Guidance Could Miss Street Views Amid Macro, Competition Challenges, Oppenheimer Says
Dollar General's Full-Year Guidance Could Miss Street Views Amid Macro, Competition Challenges, Oppenheimer Says
Mar 11, 2025
01:05 PM EDT, 03/11/2025 (MT Newswires) -- Dollar General ( DG ) could introduce a fiscal 2025 guidance that's below Wall Street's expectations amid factors such as macro and competitive challenges, Oppenheimer said Tuesday. The brokerage lowered its full-year earnings estimate for the discount retailer to $5.50 a share from $5.70, reflecting dimmed expectations for the first three quarters. Analysts...
Coca Cola Insider Sold Shares Worth $3,940,938, According to a Recent SEC Filing
Coca Cola Insider Sold Shares Worth $3,940,938, According to a Recent SEC Filing
Mar 11, 2025
12:52 PM EDT, 03/11/2025 (MT Newswires) -- Nikolaos Koumettis, President, Europe Operating Unit, on March 07, 2025, sold 55,500 shares in Coca Cola (KO) for $3,940,938. Following the Form 4 filing with the SEC, Koumettis has control over a total of 246,909 common shares of the company, with 246,909 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/21344/000112760225008968/xslF345X05/form4.xml Price: 70.78, Change: -0.67, Percent...
Bank of America cuts 150 junior roles in investment banking, sources say
Bank of America cuts 150 junior roles in investment banking, sources say
Mar 11, 2025
NEW YORK, March 11 (Reuters) - Bank of America's ( BAC ) latest cull has eliminated 150 jobs of junior bankers at its investment bank, two sources familiar with the matter told Reuters on Tuesday. The second-largest U.S. lender will offer the vast majority of junior bankers, which include associates and analysts, other roles outside of investment banking, the second...
Huntington Ingalls Wins $6 Million Contract for Australian Submarine Supplier Program
Huntington Ingalls Wins $6 Million Contract for Australian Submarine Supplier Program
Mar 11, 2025
12:42 PM EDT, 03/11/2025 (MT Newswires) -- Huntington Ingalls Industries ( HII ) said Tuesday it was awarded a contract to deliver the new Australian Submarine Supplier Qualification pilot program, with an initial value of AU$9.6 million ($6 million). The two-year program aims to accelerate the identification and qualification of Australian suppliers and products into the US submarine industrial base....
Copyright 2023-2026 - www.financetom.com All Rights Reserved