Charging things to a credit card and paying the balances over time is no longer optimal — perhaps no longer even feasible if you’re paying the minimum every month. Balances balloon as interest rates kick in, as high as 23% or more. The simple math...
Personal finance company SoFi has debuted “On the Money,” a digital content hub that lets members stay on top of their finances. As the company said in a news release Tuesday (Sept. 27), the platform will offer news, trends and tips, offering members and nonmembers...
With inflation reaching a 40-year high in June, nearly all consumers report noticeable increases in the cost of everyday purchases. PYMNTS’ research finds that 92% of consumers have noticed higher product prices, while 74% saw increases in their monthly bills. Consumers across all income levels...
Personal finance company Achieve has launched a new suite of offerings this month that is designed to get people on a better financial path, moving them from a position of financial struggle to one that is financially thriving, according to a press release Thursday (Sept....
As various government agencies and reports use slight inflationary easing to show the economy isn’t in such bad shape, there’s an unescapable chill in the air, and it’s not just winter. It’s the cold reality that living is less affordable than ever. To track these...
With the U.S. dollar worth only about 88 cents in real terms under inflation pressures of 2022, consumers are clearly fatigued by the affordability battle and not optimistic about regaining buying power in the immediate future, which may have an icy effect on winter holiday...
There are some things we want to see return to pre-pandemic levels, like traveling to far-flung locales or gathering with friends and family. And then there are some things that, perhaps, we might not like to see move toward those pre-COVID-19 high water marks. Not...
Taking cues from society and social media, young people in China aged 16 to 24 are tucking their money away and going without little luxuries like manicures, high-end makeup and eating out. Called “koukouzu,” or “the young frugal Chinese,” according to a recent Global Times...
This was the week when the Consumer Financial Protection Bureau released its awaited buy now, pay later (BNPL) report — it’s uneasy to say the least — Walmart made a bold move into true retail banking and both consumers and small businesses (SMBs) showed inflation...