Financial Hardship

Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
Holiday Season Creates Financial Stress for Two-Thirds of US Consumers
September 27, 2023  |  Consumer Finance

Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States, even as inflation has slowed. As of August 2023, 60%...

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Overdrafts and the US Consumer: A 2023 Report
Overdrafts and the US Consumer: A 2023 Report
September 08, 2023  |  Consumer Finance

Current economic and financial conditions force consumers to tap overdrafts across income levels and credit personas. One in 5 consumers experienced overdrafts or declined transactions...

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Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
Budgets May Be Tight but Two-Thirds of Paycheck-to-Paycheck Consumers Continue to Splurge
August 30, 2023  |  Consumer Finance

Inflationary pressures have yet to abate fully, making it necessary for many United States consumers to adjust their lifestyles to live within their means. Even...

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Home Is Where the Financial Stability Is — or Isn’t
Home Is Where the Financial Stability Is — or Isn’t
July 31, 2023  |  Consumer Finance

Rising prices for everything from food to housing continue negatively affecting United States households’ financial well-being. Even as consumers continue to adjust spending to make...

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Consumers Face Financial Crunch From Rising Emergency Expense Costs
Consumers Face Financial Crunch From Rising Emergency Expense Costs
June 26, 2023  |  Consumer Finance

In May 2023, the Federal Reserve released the Economic Well-Being of U.S. Households in 2022, the latest edition of an annual report often used to...

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A Paycheck-to-Paycheck Consumer Needs Faster Payouts
A Paycheck-to-Paycheck Consumer Needs Faster Payouts
June 13, 2023  |  Real-Time Payments

The popular conception of a household living paycheck to paycheck may be one of poverty. The reality is that a large share of households representing...

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Banks Help Gov’t Workers Impacted By Shutdown
Banks Help Gov’t Workers Impacted By Shutdown
January 06, 2019  |  Banking

With the government shutdown continuing, banks in the U.S. have been stepping up to help, offering forbearance on loans and the associated fees. According to...

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Economy Strong, Yet Americans Struggle To Cover Basic Expenses
Economy Strong, Yet Americans Struggle To Cover Basic Expenses
August 28, 2018  |  Economy

The economy is strong, as evidenced by some headline numbers. Unemployment is at multi-year lows, GDP growth continues apace and the stock market, usually a...

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