January is financial wellness month, spurring consumers to scrutinize their budgets and where their money’s going. And the surging popularity of digital wallets and platforms can transform transaction-by-transaction data to help younger consumers gain better insight into spending, and automate the actions needed to reach...
Characterized by weakened spending power and mounting economic uncertainty, 2022 has been an economic roller coaster. Due to rising costs, growing numbers of consumers spend all they earn on living expenses each pay period and need their next paycheck to meet upcoming financial obligations. Living...
As inflation bites, European consumers are turning to cost-cutting tools and techniques this holiday season. In fact in the U.K., a poll by Accenture found that 70% of all adults are planning to cut back on festive spending this year, while about 49% said they...
“Paycheck to paycheck” refers to a situation where an individual or household relies on their regular paychecks to meet their expenses and financial obligations, with little or no savings left over. This means that if something unexpected happens, such as a car repair or medical...
Meeting short-term and long-term goals is proving onerous as savings rates decline. But the short term might prove especially hazardous for those of us — and that’s most of us — living in the paycheck-to-paycheck economy. In the latest edition of “New Reality Check: The...
With a new year on the horizon, setting financial goals is top of mind for many U.S. consumers. The past 12 months have been a financial roller coaster, as inflation continues to weaken consumers’ spending power. In November, 63% of U.S. consumers were living paycheck...
Finance companies have seen borrowing costs skyrocket this year as interest rates rise. That’s according to a report Sunday (Dec. 11) by The Wall Street Journal, which notes these companies are paying as much as four times the amount they paid in January to borrow...
Colleges face a new financial hurdle: employers dropping degree requirements for prospective hires. Higher learning institutions are battling unprecedented pressure to maintain enrollment numbers. A tight labor market plus prolonged inflation has stressed the already-inefficient legacy payments system burdening many colleges. And there is a...
JG Wentworth has acquired FinTech and personal loan lender Stilt’s digital lending platform. With the acquisition, JG Wentworth, a consumer financial services company, will accelerate its entry into consumer lending, the company said in a Monday (Dec. 5) press release. “The Stilt platform will provide industry-leading digital...