Consumer Payment Card News

Summer Spending

A hot-off-the-press survey has found that 85% of U.S. adults will spend the same or more in June than they did last month despite concerns about the economy. The “Discover Spending Confidence Monitor” reveals that consumers’ more robust view of their personal finances versus the economy is helping drive their sustained spending. Over the next six months, 45% of consumers expect their personal finances to get better versus only 25% for economic conditions overall. In addition, most consumers seem fairly confident in managing their budgets with 55% expecting to have money left over after paying all of their bills, and the vast majority of these consumers expecting to have the same or more money left over as the previous month. The Discover index polls 15,000 adult consumers monthly.

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