February auto sales dipped as tightening credit and increased interest rates have effectively driven up monthly payments and slowed up action in the car markets. The ramp down follows several years of booming sales, wherein car prices have actually been on a long incline. That...
A new survey released by the Consumer Financial Protection Bureau reveals some rather worrying truths about the financial well-being of the American consumer. The survey of Americans — with varied income and educational backgrounds — seems to indicate that more than 40 percent of U.S. adults...
The favored narrative about banks and FinTech startups is generally not a love story. Usually, it is more of an all-out war story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions...
Since the Great Recession, the ongoing concern has been that the recovery has not been evenly distributed in the aftermath as wages have not kept up with the post-Recession economic growth. New data out of the Census Bureau may go some distance to quiet those...
Despite being the largest generation by population share, millennials tend to head fewer households than their Gen X and baby booming counterparts. As of 2016, millennials (ages 18 to 35 in 2016) headed only 28 million households. On one level that isn’t all that surprising or...
Credit, and the consumer’s relationship with it, has changed rather dramatically over time. But those changes can only be seen if one takes a big step back and looks across the intersection of credit products, credit usage and consumer behavior. Fifty years ago, when customers...
As the Trump administration has stepped up the efforts of immigration and border control officers, immigrants to the U.S. are starting to avoid public places for fear of being stopped. This has been bad news for small business that serve immigrant communities like Nadine Robinson’s...
Before writing the year’s surprise nonfiction hit Hillbilly Elegy, J.D. Vance was a Silicon Valley venture capitalist, albeit one with a background quite different than that of those around him. And it seems Vance is getting back to his roots — both as a VC and as a...
The average income in the city of Boston is around $52,000 a year. Factoring in the average incomes that surround it brings that number up to $100,000 per year. The average income in Manhattan is $66,000 per year; surrounding suburbs also bring that figure up...
