Financial Invisibles Report

Financial Invisibles

The Financial Invisibles Report™, a Unifund collaboration, examines how the general population uses credit and pays bills. It aims to shed light on financial invisibles by diving into several issues, including how they handle bill payments and use credit products, and the impact traumatic events have on their financial stability.

To compile the report, PYMNTS surveyed more than 2,000 Americans about their financial habits and circumstances. Our sample demographically mirrors the U.S. population, subdividing it into four financial consumer categories: No Worries, On The Edge, Second Chances and Shut Outs. This categorization allows us to delve deeper into the financial stressors afflicting various segments of the country’s population.

Financial Invisibles - NOVEMBER 2018

Key Findings Include:

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

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