Tuesday, April 7, 2026

Consumers’ Spending Expectations Rise Despite Flat Income and Earning Expectations

Mon, 14 December 2020  |  income spending credit 

The Federal Reserve Bank of New York’s Center for Microeconomic Data released the November 2020 Survey of Consumer Expectations, which shows that despite flat income and earnings growth expectations, households’ year-ahead spending growth expectations rose sharply in November to 3.7%, the highest level recorded in more than 4 years. Labor expectations were mixed with deteriorating expectations about the unemployment rate and improving expectations about job security. After returning to their pre-COVID-19 levels in recent months, home price expectations recorded ... Read More

Lemonade Launches Renters Insurance in France

Tue, 08 December 2020  |  insurance europe fintech insurtech 

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, launched in another European market today. Residents of France can now get renters insurance instantly, anytime, and from any device – as well as file claims and get paid in seconds through the Lemonade app.

Today’s launch marks the third EU country Lemonade has entered, following the Netherlands’ launch earlier this year, and Germany in June 2019.

Unlike the traditional insurance model, Lemonade keeps a flat fee for its operations, and gives unused remaining money to non... Read More

Total Household Debt Increased in Q3 2020

Tue, 17 November 2020  |  debt mortgages 

The Federal Reserve Bank of New York's Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $87 billion (0.6%) to $14.35 trillion in the third quarter of 2020. The increase more than offset the decline seen in the second quarter of 2020 as total household debt has surpassed its 2020Q1 reading. The Report is based on data from the New York Fed's Consumer Credit Panel, a nationally representative sample of individual- a... Read More

Consumer Expectations about Household Finances Weaken

Mon, 09 November 2020  |  inflation financial situation 

The Federal Reserve Bank of New York's Center for Microeconomic Data released the October 2020 Survey of Consumer Expectations, which shows a decline in income and spending growth expectations. Changes in labor market expectations were mixed showing declines in both average job loss and job finding expectations. Median inflation expectations declined at the short-term horizon, while remaining unchanged at the medium-term horizon. Uncertainty and disagreement about future inflation decreased slightly but remained at an elevated level.
The main findings from the October 2020 Survey a... Read More

Americans Dig Deep to Stay Strong

Tue, 06 October 2020  |  consumers pandemic 

According to Fidelity Investments®’ Moving Forward study, anxiety has been on the rise since social distancing first began and the market was sent into a tailspin in March—and that anxiety is expected to continue into the new year. Looking ahead to 2021, nearly 70% do not see stress relief happening—and perhaps as a result, 58% say they are financially preparing differently for the new year. Despite an unprecedented level of uncertainty, the study also reveals that in dealing with the crisis, Americans are expressing confidence in their abilities to take on the challenges ahead.
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SoFI Creates Weekly Income ETF (TGIF)

Fri, 02 October 2020  |  investing income 

SoFi, the San Francisco-based online personal finance company, has launched a new exchange-traded fund (ETF) that could help retirees or anyone interested in regular distributions from their investments. The new ETF, the SoFI Weekly Income ETF (NYSE:TGIF) is the company's first fixed-income offering and the industry's first ETF to offer a weekly distribution to fund shareholders. The Fund intends to pay out dividends and interest income, if any, weekly, although there is no guarantee these payouts will be made.

TGIF is an actively managed fund that seeks to achieve its investm... Read More