Consumers are reportedly taking legal action after allegedly being deceived by their banks’ savings offerings. As The Wall Street Journal (WSJ) reported Sunday (Feb. 25),...
Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that U.S. consumers face a cash drain — but proactive planning can...
Despite a decline in inflation rates, living paycheck to paycheck remains the predominant lifestyle for a significant portion of Americans. This financial tightrope is not limited to those with...
Just how resilient is the American consumer? It’s a key question facing the Federal Reserve. As Bloomberg News reported Sunday (Oct. 29), officials from the U.S. central bank...
Inflation is strong. Consumer spending is strong. Disposable income growth isn’t keeping pace. And personal saving as a percentage of disposable income is declining. To...
Cross River Bank and Operation Hope say their financial literacy initiative has helped consumers boost their savings. The financial institution and the nonprofit announced Wednesday (Sept. 27) the midyear...
Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside...
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...
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...