Upstart updated its Macro Index to 1.49 for May, up from 1.43 in April, while remaining below early 2024 levels. The personal savings rate held at 3.0% as a 0.7% rise in disposable income was offset by a 0.7% increase in consumer spending, and the unemployment rate stayed at 4.3% for the third straight month. Revisions show April was adjusted down to 1.43 from 1.46, March up to 1.38 from 1.37, and February unchanged at 1.35.
Upstart Holdings IncUpstart's own Macro Index rose to 1.49 in May, but remains below early 2024 levels; personal savings rate flat, spending up, unemployment steady — mixed signals for consumer lending demand.