Like so many things looked at from a pre- and post-COVID perspective, the traditional methods of measuring credit worthiness — and extending credit — no longer are applicable in today’s omnichannel environment. This, according to Versatile Credit Chief Innovation Officer Bill Kratzer, who told PYMNTS...
Inflation has begun to show signs of slowing month after month but remains at levels not seen since 1981. Half of consumers say inflation has soured their outlook on their economic future, and nearly a third say paying bills is getting more difficult. The impact...
Inflation is at multi-decade highs, forcing us to scrutinize where every dollar is going and how to stretch those dollars as far as possible. In the meantime, we’re fine-tuning the household budgets, sometimes on the fly. Banyan CMO Andrea Gilman and Copper CEO Eddie Behringer...
We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt. It’s a change that also signals that consumers are refocusing on controlling the monthly expenses they can control. The Federal...
On the face of it, $1.7 trillion in “excess” personal savings is a lot of firepower — enough to keep consumer spending buoyant through, and well beyond, the holiday season. But there’s a lopsided aspect as to just who holds that money, and the signals...
Thanks in part to government intervention during the pandemic, Americans have banked about $1.7 trillion in savings, according to the Federal Reserve. And as the Wall Street Journal (WSJ) noted in a report Sunday (Oct. 30), this could make it more difficult for the Fed...
Economic conditions in the United States are consistent with a tight labor market — most consumers looking for work can find it. The unemployment rate stands at just 3.5%, dropping from 4.7% in September 2021 and 7.9% in August 2020. Despite the low unemployment rate,...
With paycheck-to-paycheck living now the norm for U.S. households including the highest earners, many consumers are trying to improve their lot by switching jobs, but the latest research suggests this tactic is iffy at best, and unlikely to move the needle for most. In “New...
As European consumers look to mitigate against continent-wide inflationary pressure, many are tightening their purse strings ahead of what may be a difficult winter. Across the continent, soaring food and fuel prices mean keeping finances in order is more important than ever. Learn more: UK’s...
