China’s consumer spending hasn’t seen the surge many expected after the lifting of COVID-19 restrictions. In recent comments, the CEOs of eCommerce firms JD.com and Alibaba said the country’s consumer spending has not yet recovered from the downturn that was seen during the pandemic, CNBC...
Consumers in the United States are proving resourceful as they meet inflation’s challenge head on. And that resourcefulness has led them to embrace a broad range of strategies to juggle their everyday financial lives — belt-tightening is a potent tool, yes, but far from the...
Credit Karma has debuted a tool to help customers expand and protect their wealth. Net Worth, announced Thursday (March 9), is being rolled out to customers with credit scores of 720 or higher, and is part of Credit Karma’s plan to become “a full-service personal finance management...
American consumers remain pessimistic about the economy despite recent positive indicators. Consumers still expect elevated inflation rates for the foreseeable future, even as inflation has begun to trend downward. In this challenging environment, merchants must decide how best to attract customers. One would be forgiven...
Klarna has teamed with budgeting app Buddy to help Gen Z consumers track their expenses. The partnership between the two Swedish companies lets Buddy users link their expenditures and income from their bank to the app via Klarna’s open banking app Kosma. It comes at...
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 savings and manage their debts. Regardless, consumers appear to be settling into the current financial environment by finding ways to...
Consumers whose annual incomes exceed $100,000 are hardly skating through current economic conditions. In fact, data shows that as of December, 16% of high-income consumers have trouble making ends meet, a 45% increase year over year. Inflation has eaten into the budgets of consumers across...
Making financial decisions is part of everyday life, and that means being financially literate is not just a nice to have, but a core life skill for any individual. And it needs to start right from childhood, Will Carmichael, CEO at U.K.-based FinTech firm NatWest...
Consumers’ use of retail promotional financing for in-store purchases of furniture rose in January. The number of applicants for in-store furniture financing programs rose by 8% compared to December and 10% year-over year, Versatile Credit said in a press release. January also saw the approved...
