Meeting short-term and long-term goals is proving onerous as savings rates decline. But the short term might prove especially hazardous for those of us — and that’s most of us — living in the paycheck-to-paycheck economy. In the latest edition of “New Reality Check: The...
The wealth effect is in full force, it seems. The Wall Street Journal reported Monday (Jan. 29) that stock prices, levitating as they are, and stronger employment data have prompted Americans to open their wallets. And yet, all that spending means less saving for retirement....
U.S. consumer spending saw its largest increase in more than eight years in September, buoyed by the replacement of flood-damaged vehicles in Texas and Florida, according to a Monday (Oct. 30) Reuters report. While consumers spent more in September 2017 than in years past, inflation...
PurePoint Financial, a new division of MUFG Union Bank, N.A., announced the inception of its new hybrid digital bank aimed at committed savers. The offering is in direct response to a U.S. savings rate of only 5.4 percent. Finextra reports that PurePoint developed the new...
January 30, 2023
Card-issuing banks offering payment advice to clients may benefit from decreased delinquencies and higher long-term customer retention. Data suggests that consumers are increasingly reaching for their credit cards to handle payments — perhaps not surprising, as nearly two-thirds of consumers continue to live paycheck-to-paycheck — and earnings reports across the industry suggest that a sizable portion of […]
January 30, 2018
The wealth effect is in full force, it seems. The Wall Street Journal reported Monday (Jan. 29) that stock prices, levitating as they are, and stronger employment data have prompted Americans to open their wallets. And yet, all that spending means less saving for retirement. Data from the Commerce Department shows that household net worth […]
February 24, 2017
PurePoint Financial, a new division of MUFG Union Bank, N.A., announced the inception of its new hybrid digital bank aimed at committed savers. The offering is in direct response to...
