For many Americans, owning a home or renting an apartment signifies financial stability and maturity, with Americans traditionally leaving home early and never looking back. But home ownership — the cornerstone of the American Dream — is increasingly out of reach, as 18 million people...
Card-issuing banks offering payment advice to clients may benefit from decreased delinquencies and higher long-term customer retention. Data suggests that consumers are increasingly reaching for their credit cards to handle payments — perhaps not surprising, as nearly two-thirds of consumers continue to live paycheck-to-paycheck — and earnings...
As we move into 2023, inflation and economic uncertainty remain top concerns for most U.S. consumers. In the past 12 months, increasing prices for everything from groceries to fuel have weakened consumers’ spending power. Growing shares of U.S. consumers at all income levels now spend...
Klarna’s new “Money Story” highlights the importance of reviewing spending patterns. The new feature works like a Spotify-style year in review, but instead of showing users the songs they listened to the most, it shows them where they spent the most money, all packaged into...
Nearly 60% of consumers now use money-storing apps, which they use for everything from peer-to-peer (P2P) transfers and retail purchases. Capitalizing on this growing user base requires merchants and banks to understand which apps consumers prefer and the features that make them sticky. General-purpose apps,...
For the first time in 13 years, ATM withdrawals have increased in the U.K. According to the building society Nationwide, which operates a network of over 1,200 ATMs in the country, cash withdrawals increased by 19% in 2022, the first yearly increase in over a...
The Bureau of Labor Statistics (BLS) has reported that inflation seems to be cooling, with price increases for fresh meat and vegetables slowing since Q2 2022 — but consumers aren’t buying it. There is a disconnect between the inflation data reported by the government and...
Greenlight Financial Technology has launched a gamified financial literacy curriculum for kids and teens. Accessible through the Greenlight banking app, the new Level Up financial literacy game aims to close the gap between the 93% of teens who say they need financial knowledge and skills...
When trying to manage the inflated prices of 2023, two paychecks are better than one. It doesn’t take a deep knowledge of economics to grasp this, and while many households with two breadwinners still struggle to meet expenses, they tend to be better off than...