In a world where children and teenagers often grow up surrounded by screens and smartphones, a new breed of companies, particularly FinTech firms, is using the very technology that captivates young minds to teach them lifelong skills. Through customized services, these firms are introducing youths...
Living paycheck to paycheck is a financial reality for many Americans, a trend that PYMNTS has tracked for some time. According to a recent report by PYMNTS Intelligence and LendingClub, “The Paycheck-to-Paycheck Report: The Seasonal Financial Distress Deep Dive Edition,”60% of consumers in the United...
Wells Fargo has expanded the availability of its personalized digital financial advice and planning services, known as LifeSync, to all its consumer customers. LifeSync was initially launched earlier this year for Wealth and Investment Management (WIM) clients and has now been made available to all consumer customers through the Wells...
Current economic conditions and consumers’ drive to maintain a certain standard of living has led to a pervasive level of private debt across the economy, with 1 in 3 U.S. consumers owing more than $250,000 in outstanding debt, mostly made up by mortgages and auto...
FinTech Green Dot and investing platform Stockpile have partnered to make investing and personal finance more accessible to consumers of all ages. The collaboration will introduce innovative products, tools and features to empower individuals, the companies said in a Tuesday (Oct. 3) press release. As part of...
Intuit has launched an educational program aimed at teaching high school students skills needed to run a business. The program involves providing fully operational food trucks to school districts to give students real-world experience and develop financial, technical and entrepreneurial skills, the company said in a...
Consumers eagerly embraced the opportunity to travel once again post-pandemic, leading to an increase in travel demand for summer 2023 despite ongoing economic uncertainty and inflationary pressures. According to a joint PYMNTS-i2c study released this month, 62% of consumers planned to travel during the summer, with 30%...
In a credit-based economy like the United States, credit scores have a big impact on consumers’ ability to access loans and afford everyday essentials. But as noted in the report “The Credit Accessibility Series: The Credit Insecure Need More Education,” a PYMNTS and Sezzle collaboration,...
Nearly 200 million in the United States hold at least one bank-issued credit card — a financial tool which has come in handy as inflation and higher costs continue to squeeze households in a challenging macroeconomic environment. In the recent “Credit Card Use During Economic...
