As Consumers’ Debt Burdens Rise, Government Agencies Have Opportunities to Better Assist Them with Key Services
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: GlobeNewswire
CHICAGO, April 30, 2024 (GLOBE NEWSWIRE) -- U.S. consumers’ median minimum monthly debt payments grew by 32% between 2020 and 2023 – surpassing the rate of inflation (18%) during the same time. As consumer debt obligations continue to rise, a new TransUnion (NYSE: TRU) public sector study explores ways government agencies can better assist their constituents. The study, “Navigate New Consumer Financial Strains: How Government Agencies Can Strengthen Customer Experiences,” included both TransUnion consumer credit and Bureau of Labor Statistics data from December 2020 to December 2023. “There are a host of economic conditions, like inflation and higher interest rates, that are making life increasingly difficult for consumers,” said Jeffrey Huth, senior vice president and head of TransUnion’s public sector business. “Financial stress can often lead to constituents needing access to critical government programs, so it is crucial agencies identify people who are struggling and reach ou
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TRU
Earnings
- 4/25/24 - Beat
TRU
Sec Filings
- 5/7/24 - Form 8-K
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- TRU's page on the SEC website