May 31 2016

Consumer Borrowing Preferences and Confidence

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

Filene thanks our generous sponsors for making this important research possible:

Report Number 407