RIVERWOODS, Ill. (21/28/12)--Credit union members were more optimistic about the economy and their personal finances in January than in December and more optimistic than non-members, according to the Discover U.S. Spending Monitor survey for January.
The respondents also were asked about their spending and saving expectations for next month. Here's the breakdown for members: 37.6% expect to spend more next month while 53% plan to spend the same and 8.4%, less. Of those surveyed, 48.1% of members are expecting to have less discretionary and entertainment expenses, 46% will spend less on household improvements; and 42.1% expect to spend less on major personal purchases.
More than one third (35.4%) of members surveyed said they would save or invest less money next month. That compares with 40.3% who said so in December. Also, 12.9% said they would save more (compared with 8.7% last month); and 49.2% would save the same amount (compared with 47.3% the previous month).
The Discover U.S. Spending Monitor is a monthly index of consumer spending intentions and capacity based on interviews with a random sample of 8,200 U.S. adults, including about 2,500 credit union members. The surveys are conducted by Rasmussen Reports, an independent survey research firm. For the full findings, use the resource link.