Mon, 11 January 2021 | pandemic spending
Most Americans are reporting greater financial confidence, increased emergency savings, and more financial awareness, compared to the beginning of the COVID-19 pandemic according to the KeyBank 2020 Financial Resiliency Survey. The survey polled more than 1,200 Americans on their financial feelings after nearly a year of living through a pandemic, finding that 53% felt more financially confident approaching the end of 2020, compared to the beginning of the year; 51% would be able to immediately have $2,000 available in an emergency, up from 42% in 2019; and 48% felt more financially awar... Read More
Mon, 11 January 2021 | fintech
Walmart announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions. The new company is a strategic partnership with leading fintech investment firm Ribbit Capital. The venture will bring together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences tailored to Walmart’s customers and associates.
“For years, millions of customers have put their trust in Walmart to not only save them money when they shop with us but help them manage their fi... Read More
Mon, 11 January 2021 | transportation
Uncertainty and financial concerns driven by COVID-19 continue to have an impact on consumer automotive purchasing behaviors according to a new study from Deloitte. In a global survey of automotive buyers Deloitte found that despite the long-term trend towards electric vehicles (EVs) continuing to solidify, consumer anxiety amid the pandemic may be shifting automotive priorities towards familiarity and affordability, with 74% of U.S. consumers looking fo... Read More
Sun, 10 January 2021 | transportation
According to the J.D. Power 2021 U.S. Manufacturer Website Evaluation Study,SM only 35% of car shoppers are delaying a new-vehicle purchase due to the pandemic, which is a decrease of five percentage points from the summer of 2020. Additionally, almost half (45%) of car shoppers are willing to purchase online and as confidence in online car purchasing increases, manufacturer websites are becoming more sophisticated to meet shoppers’ expectations.
“The digital retail space continuously evolves but the pandemic forced many manufacturers to speed up th... Read More
Sun, 10 January 2021 | housing
The median home sale price increased 13% year over year to $319,000 during the 4-week period ending January 3, according to a new report from Redfin.
Below are other key housing market takeaways for 400+ U.S. metro areas during the 4-week period ending January 3.
Fri, 08 January 2021 | spending
A new survey from doxoINSIGHTS looks at consumer sentiment toward the U.S. government’s $600 stimulus checks. With more than half of all Americans believing that they will receive a stimulus check, the latest doxoINSIGHTS survey shows that the majority of Americans (59%) plan to use the money to pay household bills, with utilities; cable/internet; rent; mortgage; and mobile phone bills topping the list. While 90% of consumers believe the funds will help their financial health in the new year, recentl... Read More
News and insights about consumer and demographic financial trends
The Hidden Cost of Idle Cash: What the Vanguard Survey Reveals About America’s Savings Habits
Consumers Growing Cautious Amid Rising Inflation and Economic Uncertainty
US Taxpayers Say Tax Refunds are a Financial Necessity
Consumer Pessimism Grows Despite Stable Long-Term Inflation Expectations
Economic Uncertainty and Inflation Impact Retirement Prospects for Americans
AARP Survey Reveals Alarming Retirement Savings Trends
Hispanic Consumers More Optimistic About Finances
Homeowners Facing Increasing Insurance Rates
U.S. Foreclosures Increase In First Quarter
Consumers Perceive Less Buying Power Despite Lower Inflation