Transunion Consumer Pulse Study News Today : Breaking News, Live Updates & Top Stories | Vimarsana

FINDINGS from the latest TransUnion Consumer Pulse Study held in the second quarter of 2023 showed that 41 percent of Filipinos were 'very concerned' by the current rate of inflation — up 6 percentage points from the results of the previous quarter.Inflation can be defined as the rise in the price of goods and services. As inflation rises, governments and central banks across the world often increase their interest rates in response to try and tame inflation. Rate rises are designed to slow down spending and prevent the economy from overheating.

But Financial Worries Shift Spending Habits

CREDIT is defined as the ability to obtain goods or services before payment, based on trust that payment will be made in the future. While it helps empower people to buy a house, a car, or start a business, having access to credit also comes with major responsibilities that need…

Rising interest rates and inflation are taking their toll on consumer debt levels, with DebtBusters reporting an increase of more than 30% in debt counselling inquiries year-on-year for the third quarter.

Our view on the business stories of the day.