The Discover brand's supplemental U.S. Spending Monitor that focuses on credit union members shows that credit union members have been losing confidence in the economy.
The quarterly report supplements the broader U.S. Spending Monitor report which the brand issues monthly.
Discover reported that 58% of credit union members rated the economy "poor," up from just 49% who said the same one year ago. This compared with about 62% of non-credit union members who rated the economy as "poor," also a 9-point increase from one year ago, the card issuer said.
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