Financial Invisibles Report
Financial management tools are helping consumers pay their bills and balance income-to-expense ratios that can be out of whack. This report contains in-depth insights into consumers’ confidence levels as well as their attitudes toward credit and debt in a shifting economic landscape.
A collaboration with Unifund
KEY FINDINGS FROM THE REPORT INCLUDE:
- 67.6 percent: Share of consumers who were able to pay all their bills on time in Q3 2018
- $60.4K: Average annual income of consumers who received loans from family members or friends to pay off debts in Q3 2018
- 20.8 percent: Share of consumers who were either “very” or “extremely” interested in financial education in Q3 2018
FINANCIAL INVISIBLES - November 2018
KEY FINDINGS INCLUDE:
Financial Invisibles Study- 81 percent of consumers say their financial situation has remained stable or improved since last year
- 41 percent of consumers were contacted about credit card debt in Q2 2018
- 34 percent of consumers do not have bank accounts because they do not trust banks
