Money on Mute: How 1 in 4 Consumers Are Ghosting Their Finances
Data from a new survey from reveals a sobering yet opportunity-rich snapshot for credit and collection professionals and the broader financial ecosystem — amid persistent stress and rising consumer...
View ArticleStrained Budgets Put Consumers on Tighter Financial Footing
U.S. households continued to feel the crunch in the fourth quarter of 2024, with inflation settling at 2.9% by December and 65% of consumers reporting they live paycheck to paycheck, according to a...
View ArticlePaycheck Pinch: How Even Six-Figure Earners Are Feeling the Squeeze
A new report from community finance platform SoLo reveals that living paycheck to paycheck is no longer confined to lower-wage earners. Despite earning respectable salaries — some well into six figures...
View ArticleConsumers Borrowed $74B in 2024 to Pay for Healthcare: Survey
More than 30 million people took on $74 billion of debt to pay for healthcare last year, according to the results of a nationwide survey released yesterday. The findings reveal striking differences by...
View ArticleConsumers Prioritize Financial Wellness, Demand Personalized Insights
Financial concerns have overtaken health and family relationships as the top priority for consumers worldwide, according to a new report from fintech provider Personetics. Why it matters: Driving the...
View ArticleGolden Years Going Plastic: AARP Finds Older Adults Swiping for Survival
Nearly half (47%) of older adults with credit card debt say they rely on plastic to pay for basic living expenses they cannot otherwise afford, according to the results of a survey released yesterday...
View ArticleInflation Reigns as Top Financial Worry While Medical Debt Overtakes Student...
Americans are bracing for continued economic headwinds in 2025, with half expecting inflation to rise further and a majority believing their incomes can’t keep pace. That’s from Northwestern Mutual’s...
View ArticleCost of Living Increases Leaving Consumers with Less Cash: Report
A new report from the Bank of America Institute highlights a clear trend: consumers are paying more for essentials like housing, insurance, utilities, and car loans while finding slight relief from...
View ArticleMaine Squeeze: How Rising Medical Debt Is Pinching Families’ Finances
There really is a saying, “As Maine goes, so goes the nation,” which is meant to indicate Maine’s status as a trendsetter among states across the country. Nowhere is that more evident than in the...
View ArticleMore Than Half of Consumers Are Worried About Covering Surprise Costs in...
More than one-third of shoppers spent at least $250 on an unplanned purchase within the last three months, with the median cost hovering around $500, according to the results of a recently released...
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