Trend Report

The Recession's Impact On US Consumers' Financial Behavior

The Crisis Affects Consumers' Likelihood To Switch Banks And Use Credit

Edward Kountz
 and  two contributors
Feb 24, 2009

Summary

More than half of all US online adults say their personal financial situation has gotten worse in the past 12 months. Just one-third of these consumers think their circumstances will improve in 2009. There is some good news for banking executives though: More than 60% of consumers say they are now less likely to switch their primary banking provider.

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