Truliant Federal Credit Union surveyed its members to see how the recession has affected their behavior and over 3,000 shared their thoughts. Some of the results are highlighted in this press release. Anyone who's seen all the restaurants shuttered recently won't be surprised by this one:
Q: If you have cut back on spending, what areas are most affected?
73% – Dining Out
70% – Entertainment
64% – Travel, vacations
59% – Clothing
55% – Home Electronics
45% – Auto (buying/leasing a new vehicle, repairs)
35% – Home Appliances
22% – Cell Phones and/or calling plans
5% – Other
From the “other” category, popular items that were mentioned include groceries, medications, food and club memberships. Another trend that the “other” category highlighted is that more of Truliant’s member-owners are starting to purchase generic products to help them save money.
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