consumer finances

The ‘Cautious Consumer’ Emerges as Sentiment and Savings Take a Hit
The ‘Cautious Consumer’ Emerges as Sentiment and Savings Take a Hit
August 02, 2024  |  Consumer Insights

It’s commonplace to refer to the U.S. consumer as the engine that drives the country’s economy. The observation is grounded in truth, given the fact...

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GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
July 25, 2024  |  Economy

The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace...

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Truist Says Digital Onboarding Key to 42% Deposit Growth 
Truist Says Digital Onboarding Key to 42% Deposit Growth 
July 22, 2024  |  Earnings

Across today’s banking landscape, the phrase “higher for longer” isn’t just being applied to interest rate commentary. According to executives on Truist Financial Corporation’s second-quarter...

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Chinese Consumers Remain Cautious, Investing Instead of Spending
Chinese Consumers Remain Cautious, Investing Instead of Spending
July 19, 2024  |  Consumer Finance

Chinese consumers are reportedly choosing to repay debt and buy wealth management products, despite government efforts to get them to spend. The country’s consumers put less...

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Big-Ticket Retail Sales Take Hit in June
Big-Ticket Retail Sales Take Hit in June
July 16, 2024  |  Consumer Finance

A flat June reading for retail sales can be a tossup in terms of getting a sense of how the consumer is faring. The data...

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Fig Financial Launches Personal Loan Service in Canada
Fig Financial Launches Personal Loan Service in Canada
July 09, 2024  |  Loans

Toronto-based lender Fig Financial says its personal loan service is now open to all Canadians. “We are providing a true alternative to banks for every...

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Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
Revolving Credit’s Pace Surges 6.3% in May as Card Spending Continues
July 08, 2024  |  Consumer Finance

Consumers were not shy about loading up on the cards in May. The latest data from the Federal Reserve, released Monday (July 8), show that...

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Target Says Time’s Up For Paying With Paper Checks
Target Says Time’s Up For Paying With Paper Checks
July 05, 2024  |  Payment Methods

Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its...

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23% of Grocery Shoppers Alienated by High Prices
23% of Grocery Shoppers Alienated by High Prices
July 05, 2024  |  Consumer Finance

As grocery shoppers look to find the merchant best suited to their needs, a significant share of customers find themselves put off by higher-than-expected prices,...

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