Financial Invisibles news and trends

Layaway’s Visible Resurrection
Retail // November 23, 2018

Layaway — the system where a merchant holds an item aside for a consumer, usually for a small fee and a deposit, until the consumer finishes making installment payments on the item — was an invention of the 1930s, created by retailers to ensure that...

Forty-Six Percent Of Americans Live Paycheck To Paycheck
Economy // November 13, 2018

When it comes to the economy here in the U.S., the big picture – call it the “top down” view – looks fairly rosy. But take another approach – from the bottom up – and it seems that every rose has its thorn, or even,...

NEW DATA: With Wages And Hopes High, Why Are Consumers Behind On Bills?
Consumer Finance // November 12, 2018

The numbers are in, and the economy is looking up: Gross domestic product (GDP) is increasing fast, wages are rising and the unemployment rate is the lowest it has been in decades. In Q2 2018, only 31 percent of consumers fell behind on bill payments,...

Survey Shows Fall In US Consumer Sentiment
Consumer Finance // October 12, 2018

Indicating that Americans may have a less favorable view of their own finances, the University of Michigan Survey of Consumers fell to a gauge of 99 for October. The expected reading was 100.4 per a Thompson Reuters survey, Financial Times reported. By contrast, September had...

Interviews & Exclusives
Layaway’s Visible Resurrection

November 23, 2018
Layaway — the system where a merchant holds an item aside for a consumer, usually for a small fee and a deposit, until the consumer finishes making installment payments on the item — was an invention of the 1930s, created by retailers to ensure that even during a massive economic downturn, consumers could still find […]

NEW DATA: With Wages And Hopes High, Why Are Consumers Behind On Bills?

November 12, 2018
The numbers are in, and the economy is looking up: Gross domestic product (GDP) is increasing fast, wages are rising and the unemployment rate is the lowest it has been...

 Tracking PYMNTS Trackers Into 4Q And Beyond

September 03, 2018
The last days of summer here.  The end of a quarter is approaching, and with that, we head into the end of a year.  It’s been a dizzying few months...

LendingClub: Getting Borrowers Off The Credit Hamster Wheel

February 05, 2018
Another day, another customer trudging into the bank to discuss credit card debt and a lack of savings … over a venti Starbucks latté. It was an a-ha moment for...

Quick Reads
Survey Shows Fall In US Consumer Sentiment

October 12, 2018
Indicating that Americans may have a less favorable view of their own finances, the University of Michigan Survey of Consumers fell to a gauge of 99 for October. The expected reading was 100.4 per a Thompson Reuters survey, Financial Times reported. By contrast, September had a slightly higher reading at 100.1. Even so, FT noted […]