As the price of what’s in the pantry rises, consumers living paycheck to paycheck suffer, disproportionately. The ripple effect may keep those consumers, even the ones who do not struggle to make ends meet, sticking to debit. That would create a headwind, at least in...
For millions of consumers, having a limited or blemished credit history means traditional conduits of credit are inaccessible, and so they cannot buy larger-ticket durable goods items. But alternative payment options such as buy now, pay later (BNPL) are gaining traction, and can make those...
U.S. total household net worth jumped $5.8 trillion to $141.7 trillion in the second quarter of 2021, according to the Federal Reserve’s Financial Accounts of the United States report, which was released Thursday (Sept. 23). Most of the increase in quarterly household net worth came...
Sometimes, money is good – and sometimes, just getting bills paid at the end of the month can be a struggle. For consumers struggling to make ends meet, taking out a personal loan can be an important step to getting their financial lives back on...
Nearly 20% of U.S. consumers who acquired durable goods over the past 12 months did so using lease-to-own programs, PYMNTS research found. While those 34 million consumers tended to have fewer credit cards and lower credit scores, they also had access to personal loans, home...
Data tells a story — and depending on where you look, different data sets tell different stories. In some cases, the stories we’re told can be wildly divergent. Two recent reports from the Census Bureau illustrate that point: One report says that poverty has gotten...
Money app UNest, which helps parents invest in and save for their children’s future financial needs, announced in a Tuesday (Sept. 14) press release that it’s now integrated with PayPal on a program that will allow UNest members to put money into their kids’ investment...
The paycheck-to-paycheck economy reaches far and wide, as a growing number of individuals and families across the U.S. struggle mightily to make ends meet. Simply put, there’s little to no money left over to save after the monthly bills are paid, eliminating the ability to...
There can be a wide gap between perception and reality – in all facets of life, but especially when it comes to credit scores. After all, late payments and other events can show up on credit reports, accounts can be sent to collections without warning,...
