As is often the case, but especially during troubled economic times, a fair amount of borrowing to meet expenses goes on. In New Reality Check: The Paycheck-to-Paycheck Report — The Household Finances Deep Dive Edition, a PYMNTS and LendingClub collaboration, a survey of more than 4,600 U.S. consumers...
PYMNTS’ research finds that 62% of United States consumers lived paycheck to paycheck in February 2023. Fewer consumers live paycheck to paycheck with issues paying their bills, at 20% — down from 21% in February 2022 and 24% in February 2021. Our data shows...
Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside savings and manage their debts. Regardless, consumers appear to be settling into the current financial environment by finding ways to...
We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt. It’s a change that also signals that consumers are refocusing on controlling the monthly expenses they can control. The Federal...
December 19, 2023
The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management tool. As of November 2023, 62% of consumers lived paycheck to paycheck, with 20% struggling to pay their monthly bills. These shares are virtually unchanged […]
March 27, 2023
PYMNTS’ research finds that 62% of United States consumers lived paycheck to paycheck in February 2023. Fewer consumers live paycheck to paycheck with issues paying their bills, at 20%...
July 18, 2017
F. Scott Fitzgerald is often quoted as the source behind the phrase, “there are no second acts in American life.” But as we all know and have witnessed, American lives are full of...
April 26, 2017
Transparency cures all ills — especially in the online lending space where investors need certainty the pools of debt they’re buying are as represented. Global Debt Registry President Charlie Moore...
August 02, 2022
LendingClub has announced two new members for its board of directors in Faiz Ahmad and Kathryn Reimann, a press release said Tuesday (Aug. 2). They’ll join officially Aug. 15. In addition, Patricia McCord will be resigning from the company board after five years, as of Sept. 30. Scott Sanborn, CEO of LendingClub, said Ahmad and […]
May 03, 2022
Paycheck-to-paycheck consumers are three times as likely to revolve credit card debt and carry higher monthly balances, according to the April 2022 edition of “New Reality Check: The Paycheck-To-Paycheck Report,”...
August 07, 2019
Though LendingClub is still reporting losses this quarter and missed its revenue estimates, the market mostly liked what it saw out of the financial services startup when it reported its...
August 21, 2017
With an early string of alternative lenders having a tough go of it, startups looking to raise money are having to show how they will avoid the woes of the...
