Filene conducts a national survey every six months to gather insights on consumer confidence in borrowing. Our Spring 2017 survey indicates that trends have not changed much over the past six months and that US confidence in borrowing remains low.
General Trends Compared with Fall 2016
We see little change in consumer confidence:
- Non-millennials (ages 34+) gained a little more confidence since our last survey.
- Millennial confidence declined slightly.
- Overall, only 9% of respondents report feeling confident taking out more debt over the next six months.