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Consumers are increasingly concerned about their ability to pay upcoming bills as the coronavirus continues to upend the U.S. economy, with many opening new credit cards or taking out personal loans to make ends meet, according to a survey conducted by the credit bureau TransUnion.
In a survey of more than 2,000 adults, conducted in a two-day span in late May, 70% of consumers who reported being affected financially by the pandemic said they were concerned about paying future bills. That figure reflected an increase from early May, when 66% of affected consumers reported having that concern.
Chart from TransUnion survey results.
TransUnion conducted its latest survey from May 28-29, in what the credit bureau referred to as "wave 9." An earlier survey was conducted from May 4-5.
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C. Ryan Barber
C. Ryan Barber, based in Washington, covers government affairs and regulatory compliance. Contact him at [email protected]. On Twitter: @cryanbarber
