Tue, 12 January 2021 | women retirement
According to the latest Women’s Retirement Literacy Report from The American College of Financial Services, four out of five (82%) older American women report having a plan for retirement income. Yet the results reveal a staggering gap between women with an idea about retirement income options and the ones who have a formal, written retirement plan in place, which is just one in three of the women surveyed. The research also reveals nine in ten (94%) women with partners or spouses equally share or le... Read More
Tue, 12 January 2021 | payments
As the one-year mark of the Covid-19 pandemic approaches and digital payments play a larger role in daily life around the world, there will be no reverse gear on consumer behavior as we head into 2021. In the third edition of its global research study, the Visa Back to Business Study – 2021 Outlook, Visa found that the continued small and micro business (“SMB”) shift towards digital commerce will evolve in the New Year and bring an increased focus on areas such as security and frau... Read More
Tue, 12 January 2021 | consumer confidence
A leading national poll on consumer confidence conducted by Investors Business Daily found consumer confidence moving back into positive territory in early January. After a neutral November (50.0) and a month in pessimistic territory in December (49.0), January’s reading of 50.1 shows an increase of 2.2% over last month’s reading. For the IBD/TIPP indexes, a reading above 50.0 signals optimism and below 50.0 indicates pessimism.
The IBD/TIPP Economic Optimism Index has established a strong track record of foreshadowing the confidence indicators issued later each month by the... Read More
Tue, 12 January 2021 | debt credit cards
COVID-19 might have permanently changed how an entire generation thinks about spending, saving, and debt – and in ways that might offer a silver lining to a devastating pandemic, says Jean Chatzky, best-selling author and CEO of HerMoney.com. HerMoney partnered with Debt.com and polled more than 1,000 working Americans about their financial habits as the pandemic dragged on into December.
The results were surprising and profound:
While most Americans do not have an emergency fund, more than 8 in 10 of those who lost money due to the pandemic told HerMoney and Deb... Read More
Mon, 11 January 2021 | pandemic spending
Most Americans are reporting greater financial confidence, increased emergency savings, and more financial awareness, compared to the beginning of the COVID-19 pandemic according to the KeyBank 2020 Financial Resiliency Survey. The survey polled more than 1,200 Americans on their financial feelings after nearly a year of living through a pandemic, finding that 53% felt more financially confident approaching the end of 2020, compared to the beginning of the year; 51% would be able to immediately have $2,000 available in an emergency, up from 42% in 2019; and 48% felt more financially awar... Read More
Mon, 11 January 2021 | fintech
Walmart announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions. The new company is a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored to Walmart’s customers and associates.
“For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their fi... Read More
News and insights about consumer and demographic financial trends
The Hidden Cost of Idle Cash: What the Vanguard Survey Reveals About America’s Savings Habits
Consumers Growing Cautious Amid Rising Inflation and Economic Uncertainty
US Taxpayers Say Tax Refunds are a Financial Necessity
Consumer Pessimism Grows Despite Stable Long-Term Inflation Expectations
Economic Uncertainty and Inflation Impact Retirement Prospects for Americans
AARP Survey Reveals Alarming Retirement Savings Trends
Hispanic Consumers More Optimistic About Finances
Homeowners Facing Increasing Insurance Rates
U.S. Foreclosures Increase In First Quarter
Consumers Perceive Less Buying Power Despite Lower Inflation