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.