FOR IMMEDIATE RELEASE
December 13, 2022
CUNA Chief Economist Mike Schenk shares tools to measure consumer financial health in the November 2022 CUNA Economic Update.
Highlights from the most recent update include:
“Roughly 30% people interviewed by the Fed say that they do not have $400 set aside for an emergency expense. A lot of folks live paycheck to paycheck, as you know. It’s a troubling statistic.” – Mike Schenk
Credit union member health findings:
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 130 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.