Monday, April 6, 2026

Boomers Prefer Credit Cards Over Debit Cards

Thu, 05 May 2022  |  consumers payments 

Credit and debit cards are the payment method of choice for most consumers according to new researchFiserv, Inc., a leading global provider of payments and financial services technology solutions. Cards are seen as the fastest, easiest and most preferred payment method across generations, while specific payment habits vary by age.

“Credit and debit card usage among consumers remains robust, with each generation displaying unique habits and preferences when it comes to card choice and management,” said Himanshu Patel, Co-Head of Banking at Fiserv. “Aligning card offerings... Read More

Majority of Young Professionals Changed Jobs During the Pandemic

Wed, 04 May 2022  |  workplace 

It’s no secret that the last two years of the pandemic have caused many Americans to reassess their lives – everything from health, family, financial situation and careers. Fidelity Investments^®, in its commitment to helping its customers achieve their financial goals at every life stage, today shares results of its 2022 Career Assessment Study. The study examines how working professionals are evaluating their next career move, the employer benefits that are most meaningful, and how they balance monetary benefits versus quality of work life.

The study reveals t... Read More

Millennials Want Financial Advice, Not Trophies

Wed, 04 May 2022  |  advice demographics 

Millennials have grown up, and it turns out they are the financially disciplined, focused and responsible adults in the room, according to new survey findings published today by Natixis Investment Managers (Natixis IM). The oldest members of the generation born between 1981 and 1996 are now in their 40s, and they are entering their peak earning years with financial means and maturity that should bode well for them and an unexpected ally in their success: Financial advisors.

Natixis IM surveyed nearly 2,500 Millennials around the world, including more than 200 in the United Sta... Read More

Parents Have a Long Way to Go to Prepare Financially Self-sufficient Youth

Wed, 04 May 2022  |  education finance 

According to the National Financial Educators Council, parents have a powerful influence on the adults their children become – including how they handle their personal finances. But our nation's families have a long way to go in terms of preparing children to become financially self-sufficient. This month the NFEC is highlighting a recent survey indicating that most parents fall short of teaching their teenagers key life skills they'll need to meet the financial challenges of adulthood.

The survey took place between April 20 and April 25, 2022, asking 1,502 respondents across ... Read More

Inheriting Millennials Want To Talk About Money

Tue, 03 May 2022  |  affluent demographics 

Parents are talking to their children about money, however, four out of five (81%) of 20- to 39-year-olds expecting to inherit more than $1 million believe family meetings would be valuable, according to a survey conducted by Wells Fargo Wealth & Investment Management (WIM). The survey shows that while there are conversations happening between the generations about money, almost three-quarters (72%) say that talking about an inheritance would help them plan better for the future, and more than half (54%) wish there was more transparency in their family about money.

“It’s okay... Read More

Two-thirds of U.S. Lives Paycheck to Paycheck

Mon, 02 May 2022  |  consumers credit 

A new survey from LendingClub and PYMTS.com finds that living paycheck to paycheck has become the dominant way people manage their cashflow in the United States, with close to two-thirds of the U.S. population, 64% or about 166 million adults, doing so in March 2022.

Living paycheck-to-paycheck means dedicating your entire paycheck to spending when there is next to nothing left at the end of the month, but many of these consumers remain creditworthy by actively managing their cash flow in real time. In fact, almost a quarter of paycheck-to-paycheck consumers report a credit scor... Read More