PYMNTS-MonitorEdge-May-2024

consumer finance

Addressing America’s Financial Health Crisis
Addressing America’s Financial Health Crisis
October 19, 2022  |  Opinion

In the new PYMNTS eBook, “What’s Your Plan? Payments Strategies for a Strong 2022 Finish,” LendingClub SVP and Financial Health Officer Anuj Nayar says providing...

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How Credit Unions Use Data to Design Member-Centric Crypto Products
How Credit Unions Use Data to Design Member-Centric Crypto Products
October 19, 2022  |  Credit Unions

Consumers are turning to innovative banking solutions as they never have before, with more saying they would switch or consider switching financial institutions (FIs) specifically...

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Digital Budgeting Tools Are Inflation Era Lifeline for Millennials and Gen Zs
Digital Budgeting Tools Are Inflation Era Lifeline for Millennials and Gen Zs
October 19, 2022  |  Consumer Finance

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...

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Inflation Means Americans Now Spend $64B More on Essentials
Inflation Means Americans Now Spend $64B More on Essentials
October 14, 2022  |  Consumer Finance

The United States is entering month 18 of the inflation crisis — and the toll it is taking on consumers’ finances is high. Consumers across...

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Why Have 68M US Consumers Opened a FinTech Bank Account?
Why Have 68M US Consumers Opened a FinTech Bank Account?
October 13, 2022  |  Disbursements

FinTechs have rapidly become an integral part of the United States banking ecosystem. Sixty-eight million consumers across the country use FinTechs such as Chime, Sofi...

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Ranks of Paycheck-to-Paycheck Consumers Fall Slightly in September
Ranks of Paycheck-to-Paycheck Consumers Fall Slightly in September
October 05, 2022  |  Consumer Finance

Unpacking how U.S. consumers at all income levels are making ends meet reveals that paycheck-to-paycheck living is becoming — or already is — accepted as...

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FinTech Platforms Help Paycheck-to-Paycheck Consumers Pay off Debts
FinTech Platforms Help Paycheck-to-Paycheck Consumers Pay off Debts
October 03, 2022  |  Consumer Finance

Charging things to a credit card and paying the balances over time is no longer optimal — perhaps no longer even feasible if you’re paying...

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SoFi Debuts ‘On The Money’ Consumer Finance Site
SoFi Debuts ‘On The Money’ Consumer Finance Site
September 27, 2022  |  Consumer Finance

Personal finance company SoFi has debuted “On the Money,” a digital content hub that lets members stay on top of their finances. As the company...

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New Study: 60% of US Consumers Have Cut Spending Due to Inflation
New Study: 60% of US Consumers Have Cut Spending Due to Inflation
September 27, 2022  |  Consumer Finance

With inflation reaching a 40-year high in June, nearly all consumers report noticeable increases in the cost of everyday purchases. PYMNTS’ research finds that 92%...

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