Unexpected expenses can pack a financial punch for any consumer, but for those who are already dealing with credit-related issues, the blow can be especially devastating. Take the credit marginalized, for instance: consumers who have been rejected for at least one credit product in the...
Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States. As of September 2023, 62% of consumers live paycheck to paycheck, with 22% struggling to pay their monthly bills. Despite efforts to manage budgets, consumers across financial lifestyles report putting...
Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that the Federal Reserve’s long-quoted stat on financial well-being could use a freshening up. As has been widely reported through the years, the Fed has said that a significant percentage of...
In May 2023, the Federal Reserve released the Economic Well-Being of U.S. Households in 2022, the latest edition of an annual report often used to measure financial well-being. Since 2013, these reports have tracked consumers’ stated ability to afford a theoretical $400 emergency expense. The...
April 24, 2024
Unexpected expenses can pack a financial punch for any consumer, but for those who are already dealing with credit-related issues, the blow can be especially devastating. Take the credit marginalized, for instance: consumers who have been rejected for at least one credit product in the last year. PYMNTS Intelligence data shows they are on a […]
October 30, 2023
Living paycheck to paycheck continues to be the predominant financial lifestyle in the United States. As of September 2023, 62% of consumers live paycheck to paycheck, with 22% struggling to...
July 25, 2023
Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that the Federal Reserve’s long-quoted stat on financial well-being could use a freshening up. As has...
June 26, 2023
In May 2023, the Federal Reserve released the Economic Well-Being of U.S. Households in 2022, the latest edition of an annual report often used to measure financial well-being. Since 2013,...
