In times of economic turbulence such as these, investing in interest-bearing financial assets is one way to mitigate the effects of inflation. Although U.S. consumers have seen their available savings dwindle in recent years, more consumers have decided to invest in funds and bonds, taking...
Chase has joined CarGurus’ multilender financing platform, expanding options for consumers looking to prequalify for auto financing online. The bank joins Capital One, Global Lending Services and Westlake Financial as a participating lender on the online automotive platform, CarGurus said in a Monday (Jan. 29) press release. With over 70% of car shoppers wanting...
The start of a new year often triggers the adoption of new behaviors such as joining a new gym, eating healthier or even opting to save more money. While some people maintain these behaviors for only a few days or weeks, others turn them into...
In times of financial hardship, revolving a credit card balance to future months rather than paying it off entirely is a strategy consumers commonly adopt. But despite the oft-held assumption that members of Generation X are more averse to credit use than other generations because...
Credit card balances and delinquencies have been rising as consumer spending remains strong, but government support drops from pandemic levels. During the third quarter, large bank credit card nominal balances continued to grow, and all stages of delinquency approached the highest levels on record since...
Consumers loaded up on debt even before the holidays and into Black Friday — and those of us living paycheck to paycheck may feel the pinch of that added debt. Right as delinquencies are creeping up. The latest data from the Federal Reserve, released Monday (Jan....
Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month. Revolving credit accounted for $19.1 billion of the increase, while nonrevolving credit made up the other $4.6 billion, the Federal Reserve said Monday (Jan. 8) in its monthly report on consumer...
Americans ended 2023 dealing with increasing financial strain, relying more on personal loans. That’s according to a recent report by VantageScore, which warns that increased dependence on these loans and other higher-interest credit products could make it harder for consumers to pay their bills in the months...
Consumers with difficulties making ends meet may have a reason to be optimistic, recent PYMNTS Intelligence data shows. Looking at the U.S. population according to financial lifestyle, the PYMNTS Intelligence “New Reality Check: The Paycheck-to-Paycheck Report” identifies three different sets of consumers: those who live...
