Consumer savings figures in the U.S. have not been terribly encouraging historically. A low savings rate comes as a direct result of the large swath of Americans living paycheck to paycheck. And it’s not just a problem of low-wage workers — some 37 percent of...
The difficulties of living paycheck to paycheck are more widespread than we tend to think, as revealed in Reality Check: The Paycheck-To-Paycheck Report, a PYMNTS and LendingClub collaboration, and part of a study series based on surveys of nearly 29,000 U.S. consumers. Get the Full...
New research reveals that among those living paycheck to paycheck in America are higher earners — including many in the six-figure salary range — painting a landscape of consumer financial wellness in startling hues, casting a spotlight on a disquieting set of issues. Get the...
Living paycheck to paycheck is sometimes seen as synonymous with being poor, an unfortunate but relatively uncommon circumstance. In fact, it is far more widespread than one might think: Fifty-four percent of consumers in the United States today live paycheck to paycheck, including 53 percent...
Fidelity came to market with a new product targeted to hyper-young consumers (13 and up) and intended to help them get a really early jump on their careers as investors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Visa released the findings from its U.S. Spending Momentum Index (SMI) on Wednesday (June 9), a report that shows that “the U.S. consumer recovery remains on firm ground.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Given that the ways in which we pay are changing, the ways we carry debt are changing, and the very profile of the consumer is changing, it would only make sense that the ways in which we keep track of consumer credit also need to...
Global consumers have been doing well at saving during this past year of the pandemic, with a total of $5.4 trillion now stockpiled, Financial Times (FT) writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Ask 10 consumers to define “financial wellness,” and it just might produce 10 different answers. The way the Consumer Financial Protection Bureau (CFPB) defines the term is in four parts: control over finances, capacity to absorb a financial shock, meeting financial goals and the financial...
