savings

Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.

(source: en.wikipedia.org)

73% of Millennials Still Live Paycheck-To-Paycheck But Savings Cushions Are Rising
73% of Millennials Still Live Paycheck-To-Paycheck But Savings Cushions Are Rising
May 03, 2023  |  Connected Economy

As millennials enter new life phases like home ownership and parenthood, those added financial pressures make this high-earning demographic most likely to live paycheck to...

READ MORE >
Drained Savings Push 21% of Paycheck-to-Paycheck Consumers Into Financial Distress
Drained Savings Push 21% of Paycheck-to-Paycheck Consumers Into Financial Distress
May 02, 2023  |  Consumer Insights

Consumers are drifting deeper into financial uncertainty while scrambling to cover costs. There seemed to be little cause for concern about consumers’ ability to spend...

READ MORE >
Apple Unveils Savings Account for Apple Card Users
Apple Unveils Savings Account for Apple Card Users
April 17, 2023  |  Apple

Apple has debuted a Goldman Sachs savings account for Apple Card users. The account offers users a “high-yield APY of 4.15 percent — a rate...

READ MORE >
Financial Wellness Tools Get Second Look as Consumers Drain Their Savings
Financial Wellness Tools Get Second Look as Consumers Drain Their Savings
March 21, 2023  |  Financial Inclusion

Budget-focused FinTechs and innovative financial institutions (FIs) may have a golden opportunity to meet consumer need. The Federal Reserve released its latest monthly snapshot of...

READ MORE >
High-Income Paycheck-to-Paycheck Households Fare Better Despite Economic Pressure
High-Income Paycheck-to-Paycheck Households Fare Better Despite Economic Pressure
March 17, 2023  |  Economy

Not immune to macro headwinds materializing as inflated costs, reduced savings, and lower investment values, high-income consumers are making lifestyle changes as are others, while...

READ MORE >
Savings Feature Helps Grow Block’s Cash App Customer Base to 51M
Savings Feature Helps Grow Block’s Cash App Customer Base to 51M
February 23, 2023  |  Earnings

A year after closing its acquisition of Afterpay, Block (formerly Square) is seeing traction in its buy now, pay later (BNPL) business. And the Cash...

READ MORE >
Report: Record Number of Americans Dipping Into 401(k)s
Report: Record Number of Americans Dipping Into 401(k)s
February 02, 2023  |  Economy

With budgets growing tighter, more Americans are reportedly turning to 401(k)s in emergencies. Nearly 3% of the 5 million people who have 401(k) plans offered...

READ MORE >
Savings Accounts Play Larger Role in Bank vs Neobank Battle
Savings Accounts Play Larger Role in Bank vs Neobank Battle
January 05, 2023  |  Digital-First Banking

Banks risk losing customers to neobanks — and a key battleground may lie with savings accounts.  And in that case, the advantage may go to...

READ MORE >
Digital Wallets, Platforms Pave Financial Wellness Path as 2023 Dawns
Digital Wallets, Platforms Pave Financial Wellness Path as 2023 Dawns
January 03, 2023  |  Consumer Finance

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...

READ MORE >