#2491: TransUnion Study Reveals Positive Financial Signs for Consumers in 2021...

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Is there light at the end of this pandemic tunnel? According to TransUnion Senior Vice President, Research and Consulting Charlie Wise, there is.

In our interview with Charlie, he provides us with findings from the latest “TransUnion Consumer Pulse Study: The financial impact due to COVID-19." In this report, Charlie and his team found positive signs abound -- even as many household incomes are still negatively impacted by COVID-19.

For example, the report found that percentage of consumers who said their household income remains negatively impacted by the pandemic stands at 38% – significantly down from 53% one year ago in March 2020. Also, of those persons who said they had been fully vaccinated, 77% stated they are optimistic about the future compared to just 59% of those who had not been vaccinated.

Charlie also discusses how the pandemic affected three primary U.S. consumer types:

1. Stable
2. Hopeful
3. Limbo

Lastly, Charlie listed resources for those struggling consumers looking for assistance.

Check it out and let us know your thoughts. And watch the entire interview below for all the details.