Payment Trends

January 2024 spending trends: Post-holiday lull belies strong year-over-year credit growth

December 2023 spending trends: Resilient consumer spending closes out a busy year

November 2023 spending trends: Consumers remain cautious as economy improves

October 2023 spending trends: Economy cools as rate hikes finally take hold

It seems the Fed’s aggressive campaign to raise borrowing rates is finally having its desired effect on the economy, with job gains slowing markedly in October and inflation continuing to ease.

September 2023 spending trends: Economic uncertainty leads to flat spending

August 2023 spending trends: Cooler days, and heads prevail

July 2023 spending trends: Entertainment and events draw members’ dollars

June 2023 spending trends: Summer spend in full swing

May 2023 spending trends: Consumers remain cautious as economy improves

Despite an improving economic outlook, U.S. consumers are holding tight to their wallets. Nonfarm payrolls jumped by 339,000 jobs in May, yet the unemployment rate ticked up to 3.7% for the month ...

April 2023 spending trends: Consumers pull back as economy wavers

Following a strong March, a rise in economic uncertainty resulted in more muted consumer spending activity in April.

March 2023 Spending Trends: The Spring Spending Boom is Here!

February Spending Trends: Opportunities to Revive and Engage

Despite a still-strong job market, spending across most categories cooled according to Co-op’s member credit union payment portfolio data for February. The data shows that consumers are tightening...

January 2023 Spending Trends: New Year, New Uncertainty

With a strong holiday shopping season in the rear-view mirror, January spending results were muted as consumer confidence dipped in response to mixed economic signals. January’s surprisingly ...

December Spending Trends: Signs of Hope for the New Year

Coming off a solid holiday shopping season amidst signs of an improving economy, credit unions can anticipate a positive spending outlook as we begin the new year. Perhaps not surprisingly, we saw...

November spending trends: Despite resilient holiday shopping season, overall spending volume falls

Read November’s Payment Trends Report to gain access to the latest spending trends and learn where your credit union should focus its efforts now to optimize your credit and debit portfolios

October spending trends: Mixed economic signals ahead of holiday shopping season

In October’s Payment Trends Report, learn about which spending trends Co-op’s SmartGrowth experts are watching now, and discover how your credit union can leverage Co-op’s credit union portfolio data

September spending trends: inflation, supply issues push up holiday season

Like last year, the holiday shopping season is kicking off early this year as consumers and retailers continue to wrestle with supply chain issues and rising inflation.

Co-op Payment Trends August 2022

Co-op Payment Trends July 2022