Unlike in the classic tune, summertime doesn’t necessarily mean that the living is easy. Just ask the millions of Americans living paycheck to paycheck. Case in point: the August edition of Reality Check: The Paycheck-To-Paycheck Report, a LendingClub collaboration, for which PYMNTS surveyed more than...
Good news for recovery watchers: the average consumer is exiting the pandemic period demonstrably more financially stable than when it started a little over a year and a half ago. According to forthcoming PYMNTS data, 50 percent of consumers would be able to pay an...
When mental imagery and preconceived notions come into contact with reality, it can cause disorienting effects. For example, we tend to picture millennials and slightly older bridge millennials as having great-paying jobs and lifestyles to match. The truth is more complex. Get the Full Story...
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For decades, the FICO score has been the most influential tool in the financial services marketplace. It has stood above all others as the independent arbiter that financial institutions would universally accept as a reliable gauge of consumers’ worthiness to be granted credit, as well...
The July 2021 Credit Score Literacy and Building Credit Report, a collaboration between PYMNTS and Elan (a division of U.S. Bank), surveyed a census-balanced sample of over 2,050 consumers to gauge consumers’ sentiments on credit card issuers providing digital capabilities that assist in tracking and...
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...
“How much cash you have and how you use your cash is really an important data point that can be used to assess someone’s creditworthiness.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
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...
